Guideline Value for VALLUVAR NAGAR

Valluvar Nagar guideline value

The current guideline value of Valluvar Nagar is Rs 234 per sq.ft. This area is located in Kudapakkam village, under the Avadi Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Valluvar Nagar has changed

The guideline value register for Valluvar Nagar shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 234 per sq.ft, which remained unchanged in the 2024 revision.

From 2023 to 2024, there was no percentage change in the guideline value, maintaining the rate at Rs 234 per sq.ft.

Guideline values in Kudapakkam

In Kudapakkam, there are 12 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 234 to Rs 2,000 per sq.ft, with a median value of Rs 425 per sq.ft. Valluvar Nagar's 2024 figure is below this median.

• Vikas Royal Enclave: Rs 2,000 per sq.ft (2024)
• Sri Chakra Nagar: Rs 300 per sq.ft (2024)
• Sri Balamurugan Nagar: Rs 300 per sq.ft (2024)
• Spv One Phase-II: Rs 700 per sq.ft (2024)
• Spv One: Rs 600 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Valluvar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 234 per sq.ft, the guideline value amounts to Rs 2,34,000. The stamp duty at 7% would be Rs 16,380, and the registration fee at 2% would be Rs 4,680, making the total fees Rs 21,060. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Valluvar Nagar?

The Sub Registrar Office that covers Valluvar Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the property registration process in Kudapakkam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is documented at a fair rate as per the government’s assessment. It is essential for both buyers and sellers to be aware of the current guideline value to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Valluvar Nagar?

The current guideline value of Valluvar Nagar is Rs 234 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Valluvar Nagar has remained at Rs 234 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Valluvar Nagar?

Valluvar Nagar is classified as Residential Class II Type - I. This classification indicates the type of development and usage permitted in the area.

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

The stamp duty for a property in Valluvar Nagar is 7%, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 21,060 based on the current guideline value.

Where is the Sub Registrar Office for Valluvar Nagar located?

The Avadi Sub Registrar Office, which covers Valluvar Nagar, is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.