Guideline Value for VALLUVAR GARDEN ST

Valluvar Garden St guideline value

The current guideline value of Valluvar Garden St is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi SRO and is classified as Residential Special Type - I.

How the guideline value of Valluvar Garden St has changed

The guideline value for Valluvar Garden St has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value significantly increased to Rs 1,500 per sq.ft in 2023, and the most recent revision in 2024 has raised it further to Rs 1,625 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 35%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value in this village is Rs 1,625 per sq.ft, which aligns with the current value of Valluvar Garden St.

• Vallar Street (Kumaran Nagar): Rs 1,625 per sq.ft (2024)
• Vallar Street: Rs 1,625 per sq.ft (2024)
• Vallalar Street (Kumaran Nagar): Rs 1,625 per sq.ft (2024)
• Vallalar Street: Rs 1,625 per sq.ft (2024)
• Vargees Compound: Rs 1,625 per sq.ft (2024)
• Vasantham Nagar: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Valluvar Garden St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would amount to Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total to Rs 1,46,250. It is important to note that the 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 Valluvar Garden St?

The Sub Registrar Office covering Valluvar Garden St is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any legal issues. This ensures that the government receives the appropriate taxes based on the established guideline value.

Frequently asked questions

What is the current guideline value of Valluvar Garden St?

The current guideline value of Valluvar Garden St is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,625 per sq.ft in 2024.

What is the land classification of Valluvar Garden St?

Valluvar Garden St is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for Valluvar Garden St?

The registration office for Valluvar Garden St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What are the stamp duty and registration fees for properties in Valluvar Garden St?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 16,25,000, the total fees would amount to Rs 1,46,250.