Guideline Value for VALLIAMMAL GARDEN MAIN ROAD

Valliammal Garden Main Road guideline value

The current guideline value of Valliammal Garden Main Road is Rs 6,300 per sq.ft, effective from 1 July 2024. This road is located in Puliyur village, under the Kodambakkam SRO, with a land classification of Residential Special Type - III.

How the guideline value of Valliammal Garden Main Road has changed

The guideline value for Valliammal Garden Main Road has undergone several revisions over the years. Starting from Rs 980 per sq.ft in 2002, it increased to Rs 1,076 per sq.ft in 2003, marking a 10% rise. By 2007, the value surged to Rs 1,500 per sq.ft, reflecting a 39% increase. The 2012 revision saw a significant jump to Rs 5,800 per sq.ft, representing a remarkable 287% increase. However, the value decreased to Rs 3,886 per sq.ft in 2017, a drop of 33%. The most recent revision in 2024 set the value at Rs 6,300 per sq.ft, an increase of 62% from 2017.

It is important to note that there is no figure available for the year 2023 for this street. 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 guideline value for 2024, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, placing Valliammal Garden Main Road's 2024 figure above this median.

• Valliammal Garden 3rd Street: Rs 6,300 per sq.ft (2024)
• Valliammal Garden 2nd Street: Rs 6,300 per sq.ft (2024)
• Valliammal Garden 1st Street: Rs 6,300 per sq.ft (2024)
• Valliammai 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 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value amounts to 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, totaling Rs 5,67,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Valliammal Garden Main Road?

The Sub Registrar Office that covers Valliammal Garden Main Road 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 in the registration process of property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of property registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and transparently. It is important for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Valliammal Garden Main Road?

The current guideline value of Valliammal Garden Main Road 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 significantly from Rs 980 per sq.ft in 2002 to Rs 6,300 per sq.ft in 2024, representing an overall increase of 543%.

What is the land classification for Valliammal Garden Main Road?

The land classification for Valliammal Garden Main Road is Residential Special Type - III.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Valliammal Garden Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 4,41,000.