Guideline Value for VALLUVAN STREET

Valluvan Street guideline value

The current guideline value of Valluvan Street in Cheyyur, Cheyyur SRO is Rs 101 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class IV Type - I land classification.

How the guideline value of Valluvan Street has changed

The guideline value for Valluvan Street has seen significant changes over the years. The register has no figures for the years 2002, 2003, 2007, and 2012. The 2017 revision set the guideline value at Rs 50 per sq.ft, which was then increased to Rs 100 per sq.ft in the 2023 revision, marking a 100% increase over six years. The most recent revision in 2024 raised the value to Rs 101 per sq.ft, reflecting a 1% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 102%. This steady rise in the guideline value indicates a structured approach to property valuation in the area.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 500 per sq.ft. Valluvan Street's 2024 guideline value of Rs 101 per sq.ft is equal to the median value of Rs 101 per sq.ft for the area.

• Vandavasi Salai: Rs 200 per sq.ft (2024)
• Vadivel Nagar: Rs 200 per sq.ft (2024)
• Vadakku Street: Rs 400 per sq.ft (2024)
• VADACOLONY 1st STREET: Rs 101 per sq.ft (2024)
• Velaramman Koil Street: Rs 101 per sq.ft (2024)
• VELLIMEDU COLONY MATHAKOIL 1st STREET: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Valluvan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 101 per sq.ft, the total guideline value would be Rs 1,01,000. The stamp duty, charged at 7%, would amount to Rs 7,070, while the registration fee, charged at 2%, would be Rs 2,020. Together, the total cost would be Rs 9,090. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Valluvan Street?

The Sub Registrar Office that covers Valluvan Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value is a crucial factor in the registration process when buying or selling property in Cheyyur - A. It serves as the basis for calculating the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Valluvan Street?

The current guideline value of Valluvan Street is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 50 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, and then to Rs 101 per sq.ft in 2024.

What is the land classification for Valluvan Street?

Valluvan Street is classified as Residential Class IV Type - I.

Where can I find the registration office for Valluvan Street?

The registration office for Valluvan Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How is stamp duty calculated for property in Valluvan Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 7,070.