Guideline Value for VALLIAMMAL GARDEN 1ST STREET

Valliammal Garden 1st Street guideline value

The current guideline value of Valliammal Garden 1st Street is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Special Type - III.

How the guideline value of Valliammal Garden 1st Street has changed

The guideline value for Valliammal Garden 1st Street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 980 per sq.ft. This increased to Rs 1,076 per sq.ft in 2003, marking a rise of 10%. In 2007, the value jumped significantly to Rs 1,500 per sq.ft, reflecting a 39% increase. The 2012 revision saw the guideline value rise to Rs 5,800 per sq.ft, a substantial increase of 287% from the previous figure. However, this value decreased by 33% to Rs 3,886 per sq.ft in 2017. The value then increased to Rs 5,800 per sq.ft in 2023, before reaching the current guideline value of Rs 6,300 per sq.ft in 2024, which is a 9% rise.

There are no recorded figures for the years between 2002 and 2003, and between 2017 and 2023. Overall, from 2002 to 2024, the guideline value has increased by 543%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. The guideline value of Valliammal Garden 1st Street is above this median.

• Valliammal Garden 2nd Street: Rs 6,300 per sq.ft (2024)
• Valliammal Garden 3rd Street: Rs 6,300 per sq.ft (2024)
• Valliammai Road: Rs 6,300 per sq.ft (2024)
• Valliammal Garden Main Road: Rs 6,300 per sq.ft (2024)
• Valliammal Street. Chennai-24: Rs 5,800 per sq.ft (2024)
• Vallalar Street (Vadapalani): Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Valliammal Garden 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value would be Rs 63,00,000. The stamp duty at 7% would be Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, resulting in a total cost of Rs 5,67,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Valliammal Garden 1st Street?

The Sub Registrar Office that covers Valliammal Garden 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Puliyur

The guideline value is a crucial factor when buying or selling property in Puliyur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the established guideline values for different areas.

Frequently asked questions

What is the current guideline value of Valliammal Garden 1st Street?

The current guideline value of Valliammal Garden 1st Street is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the earliest recorded figure in 2002 being Rs 980 per sq.ft. The most recent revision in 2024 set the value at Rs 6,300 per sq.ft, marking a significant increase over the years.

What is the land classification for Valliammal Garden 1st Street?

Valliammal Garden 1st Street is classified as Residential Special Type - III, which indicates its designated use for residential purposes.

Where can I find the Sub Registrar Office for Valliammal Garden 1st Street?

The Kodambakkam Sub Registrar Office covers Valliammal Garden 1st Street and is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Valliammal Garden 1st Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 63,00,000, the stamp duty would be Rs 4,41,000 at a rate of 7%.