Guideline Value for VALLUVAR HIGH ROAD

Valluvar High Road guideline value

The current guideline value of Valluvar High Road is Rs 3,520 per sq.ft, effective from 1 July 2024. This road is located in Zaminpallavaram village under the Pallavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Valluvar High Road has changed

The guideline value for Valluvar High Road has seen several revisions over the years. The 2012 revision recorded a value of Rs 3,200 per sq.ft, which was then reduced to Rs 2,144 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,200 per sq.ft in the 2023 revision, and further rose to Rs 3,520 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2023 to 2024 was a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Valluvar High Road is above this median.

• Valluvar 3rd Street: Rs 3,300 per sq.ft (2024)
• Valluvar 2nd Street: Rs 3,300 per sq.ft (2024)
• Valluvar 1st Street: Rs 3,300 per sq.ft (2024)
• Vallalperumal Street: Rs 3,520 per sq.ft (2024)
• Vanniyar Street: Rs 3,520 per sq.ft (2024)
• Varadhan Nagar: Rs 3,850 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 rate, the guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Valluvar High Road?

The Valluvar High Road is covered by 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 details.

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

The guideline value is a critical factor during the registration of property transactions in Zaminpallavaram. It determines the base value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value, as it can influence the final sale price. Buyers should ensure that the sale price meets or exceeds the guideline value to avoid any issues during registration.

Frequently asked questions

What is the current guideline value of Valluvar High Road?

The current guideline value of Valluvar High Road is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then increased to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the land classification for Valluvar High Road?

Valluvar High Road is classified as Residential Class I Type - I under the Pallavaram SRO.

What are the stamp duty and registration fees for properties on this road?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees would total Rs 3,16,800.

Where is the Sub Registrar Office located for Valluvar High Road?

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