Guideline Value for VALLUVAR ST

Valluvar St guideline value

The current guideline value of Valluvar St in Mitnamalle village is Rs 806 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - III.

How the guideline value of Valluvar St has changed

The guideline value for Valluvar St has seen significant changes over the years. In the 2012 revision, the guideline value was Rs 250 per sq.ft, which decreased to Rs 167 per sq.ft in 2017. However, from 2017 to 2023, it experienced a substantial increase to Rs 800 per sq.ft, marking a change of +379%. The latest revision in 2024 increased the value slightly to Rs 806 per sq.ft, reflecting a +1% change.

It is important to note that the register has no figures for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by +222%.

Guideline values in Mitnamalle

In Mitnamalle, there are 53 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,550 per sq.ft. The median value for these streets is Rs 802 per sq.ft, making Valluvar St's 2024 figure of Rs 806 per sq.ft above the median.

• Udhaya Sooriyan Nagar: Rs 806 per sq.ft (2024)
• Venkateswara Nagar: Rs 804 per sq.ft (2024)
• Venugopal St: Rs 802 per sq.ft (2024)
• Thiruvallur St: Rs 804 per sq.ft (2024)
• Thirowbathy Amman Koil St: Rs 806 per sq.ft (2024)
• The Panjamabal Nagar: Rs 802 per sq.ft (2024)

Stamp duty and registration fee for property in Valluvar St

For a 1,000 sq.ft plot at the current guideline value of Rs 806 per sq.ft, the total guideline value amounts to Rs 8,06,000. The stamp duty at 7% would be Rs 56,420, and the registration fee at 2% would be Rs 16,120, making the total charges Rs 72,540. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Valluvar St?

The Valluvar St is covered by the Avadi Sub Registrar Office, located at 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 Mitnamalle

The guideline value is a crucial factor when registering property in Mitnamalle. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must consider this value to ensure compliance with legal requirements during the sale process.

When you buy or sell property, the guideline value helps establish a fair and transparent process. It is essential for both parties to be aware of the current guideline value to avoid any disputes during registration.

Frequently asked questions

What is the current guideline value of Valluvar St?

The current guideline value of Valluvar St is Rs 806 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 806 per sq.ft in 2024, reflecting an overall increase of +222% over this period.

What is the land classification for Valluvar St?

Valluvar St is classified as Residential Class II Type - III, indicating its suitability for residential purposes.

Where is the Avadi Sub Registrar Office located?

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

How is stamp duty calculated for properties in Valluvar St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate results in a total guideline value of Rs 8,06,000, leading to a stamp duty of Rs 56,420.