Guideline Value for Vadakku Street

Vadakku Street guideline value

The current guideline value of Vadakku Street in Alapakkam 152 village is Rs 100 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Vadakku Street has changed

The guideline value for Vadakku Street has undergone several revisions over the years. The 2012 revision set the value at Rs 80 per sq.ft, which decreased to Rs 54 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 85%, bringing it back to Rs 100 per sq.ft, a figure that remained unchanged in the 2024 revision.

There are no recorded figures for Vadakku Street in the revisions of 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 25%.

Guideline values in Alapakkam 152

In Alapakkam 152, there are four streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 105 per sq.ft, with a median value of Rs 100 per sq.ft. Vadakku Street's 2024 figure aligns with this median.

• Road Street: Rs 105 per sq.ft (2024)
• Perumal Kovil Street: Rs 100 per sq.ft (2024)
• Bajanai Kovil Street: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Vadakku Street

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, while the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vadakku Street?

The Sub Registrar Office covering Vadakku Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Alapakkam 152

The guideline value plays a crucial role during property transactions in Alapakkam 152, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process. Understanding the guideline value helps in making informed decisions while engaging in property transactions.

Frequently asked questions

What is the current guideline value of Vadakku Street?

The current guideline value of Vadakku Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2012 to Rs 54 per sq.ft in 2017, then to Rs 100 per sq.ft in both 2023 and 2024. Overall, from 2012 to 2024, the value has increased by 25%.

What are the other streets in Alapakkam 152 with their guideline values?

Other streets in Alapakkam 152 include Road Street at Rs 105 per sq.ft, Perumal Kovil Street at Rs 100 per sq.ft, and Bajanai Kovil Street at Rs 100 per sq.ft, all for the year 2024.

What is the stamp duty for property in Vadakku Street?

The stamp duty for a property valued at Rs 1,00,000 in Vadakku Street would be Rs 7,000, calculated at 7% of the guideline value. Additionally, the registration fee would be Rs 2,000 at 2% of the guideline value.

Where can I find the Sub Registrar Office for Vadakku Street?

The Sub Registrar Office for Vadakku Street is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.