Guideline Value for VALLIAMMAL STREET

Valliammal Street guideline value

The current guideline value of Valliammal Street is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Valliammal Street has changed

The guideline value for Valliammal Street has seen several revisions over the years. In 2007, the value was Rs 2,800 per sq.ft. This increased significantly to Rs 8,000 per sq.ft in 2012, marking a rise of 186%. However, from 2012 to 2017, the value decreased to Rs 5,360 per sq.ft, reflecting a drop of 33%. The value then rose sharply to Rs 8,000 per sq.ft in 2023, a 49% increase. The most recent revision in 2024 set the value at Rs 8,800 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for Valliammal Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 214%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value is Rs 5,500 per sq.ft, making the 2024 figure for Valliammal Street above this median.

• Valluvan Street: Rs 6,000 per sq.ft (2024)
• Valluva Pandaram Street: Rs 5,500 per sq.ft (2024)
• Vallam Bangaru Chetty Street: Rs 6,000 per sq.ft (2024)
• Vali Hussain Street: Rs 5,500 per sq.ft (2024)
• Vaikkakaran Street: Rs 6,000 per sq.ft (2024)
• Varadachari Lane: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Valliammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, totaling Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Valliammal Street?

The Sub Registrar Office that covers Valliammal Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

Frequently asked questions

What is the current guideline value of Valliammal Street?

The current guideline value of Valliammal Street is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 214% over the years.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It acts as a benchmark for these costs.

Where is the Purasaivakkam Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

Can I find other streets' guideline values in Purasaivakkam?

Yes, there are several other streets in Purasaivakkam with their respective guideline values. For example, Valluvan Street has a guideline value of Rs 6,000 per sq.ft in 2024.