Guideline Value for VALLUVAR HIGH ROAD

Valluvar High Road guideline value

The current guideline value of Valluvar High Road is Rs 2,200 per sq.ft. It is located in Nemilicherry village under the Pallavaram SRO, classified as Residential Class I Type - III.

How the guideline value of Valluvar High Road has changed

The guideline value for Valluvar High Road has seen several revisions over the years. In 2012, the value was set at Rs 2,200 per sq.ft, which remained unchanged until the next revision in 2017 when it decreased to Rs 1,474 per sq.ft, marking a decline of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, and most recently, it has risen to Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained the same, with an overall change of +0%.

Guideline values in Nemilicherry

Nemilicherry village has a total of 172 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,160 per sq.ft, placing Valluvar High Road's 2024 figure above that median.

• Vanchinathan Street: Rs 2,160 per sq.ft (2024)
• Veerasidhi Vinayaga Koil Street: Rs 2,420 per sq.ft (2024)
• Vempuliamman Nagar: Rs 2,200 per sq.ft (2024)
• Tholkappiyam Street: Rs 2,160 per sq.ft (2024)
• Thiruvalluvar Street: Rs 2,160 per sq.ft (2024)
• Vigneshwara Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Valluvar High Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these charges Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Valluvar High Road?

The Sub Registrar Office that covers Valluvar High Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Nemilicherry. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used for calculating the applicable duties and fees. This ensures transparency and uniformity in property transactions within the region.

Frequently asked questions

What is the current guideline value of Valluvar High Road?

The current guideline value of Valluvar High Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and back to Rs 2,200 per sq.ft in 2024.

What is the land classification of Valluvar High Road?

Valluvar High Road is classified as Residential Class I Type - III.

What are the stamp duty rates for properties in Valluvar High Road?

The stamp duty for properties in Valluvar High Road is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Valluvar High Road?

The Sub Registrar Office covering Valluvar High Road is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.