Guideline Value for VALLUVAR SRTEET

Valluvar Srteet guideline value

The current guideline value of Valluvar Srteet in Walajabad village, under the Walajabad SRO, is Rs 750 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 Valluvar Srteet has changed

The guideline value for Valluvar Srteet has seen several revisions over the years. In 2007, the value was Rs 60 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012. However, it then dropped to Rs 502 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the value at Rs 750 per sq.ft, reflecting no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The substantial rise from 2007 to 2012 was a remarkable 1150%. Overall, from 2007 to 2024, the guideline value has increased by 1150%. It is important to note that the register has no figures for this street for the years 2002 and 2003.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median value is Rs 750 per sq.ft, which is equal to the 2024 figure for Valluvar Srteet.

• Vallappakkam Road: Rs 750 per sq.ft (2024)
• Vaniyar Street: Rs 750 per sq.ft (2024)
• Vanniyar Srteet: Rs 750 per sq.ft (2024)
• Varasakthi Vinayagar Kovil St: Rs 750 per sq.ft (2024)
• Vakkar St: Rs 750 per sq.ft (2024)
• Vaishnavi Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Valluvar Srteet

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, totaling Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Valluvar Srteet?

The Valluvar Srteet is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standard value set by the government.

When a property is sold, the guideline value helps to establish a fair transaction price, as it reflects the current market conditions for similar properties in the area. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Valluvar Srteet?

The current guideline value of Valluvar Srteet is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012, then decreased to Rs 502 per sq.ft in 2017, and remained at Rs 750 per sq.ft in 2023 and 2024.

What are the other streets in Walajabad with the same guideline value?

Other streets in Walajabad with a guideline value of Rs 750 per sq.ft in 2024 include Vallappakkam Road, Vaniyar Street, Vanniyar Srteet, Varasakthi Vinayagar Kovil St, and Vakkar St.

What is the registration fee for property in Valluvar Srteet?

The registration fee for property in Valluvar Srteet is calculated based on the guideline value. For example, a plot valued at Rs 7,50,000 would incur a registration fee of Rs 15,000 at 2%.

Where can I find the Sub Registrar Office for Valluvar Srteet?

The Sub Registrar Office covering Valluvar Srteet is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.