Guideline Value for Valaiyapathi Extn

Valaiyapathi Extn guideline value

The current guideline value of Valaiyapathi Extn is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this region is Residential Class I Type - II.

How the guideline value of Valaiyapathi Extn has changed

The guideline value for Valaiyapathi Extn has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 1,500 per sq.ft, and the most recent revision in 2024 has raised it to Rs 1,650 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it saw a significant increase of 49%. The change from 2023 to 2024 is an increase of 10%. Overall, comparing the figures from 2012 to 2024, there has been a net increase of 10% in the guideline value.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value is Rs 1,650 per sq.ft, which is equal to the current guideline value of Valaiyapathi Extn.

• Valayapadhi 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Valayapadhi 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Valayapadhi 3rd Cross Street: Rs 1,650 per sq.ft (2024)
• Valayapadhi 4th Cross Street: Rs 1,650 per sq.ft (2024)
• Valayapadhi Street: Rs 1,980 per sq.ft (2024)
• Vadivudai Amman koil Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Valaiyapathi Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000. Together, the total cost for stamp duty and registration fee would be Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Valaiyapathi Extn?

The Sub Registrar Office that covers Valaiyapathi Extn is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Peerklankaranai. It determines the minimum price at which a property can be registered, ensuring that the transaction reflects a fair valuation according to government standards.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Valaiyapathi Extn?

The current guideline value of Valaiyapathi Extn is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024. It was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

What is the land classification for Valaiyapathi Extn?

The land classification for Valaiyapathi Extn is Residential Class I Type - II.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, a property with a guideline value of Rs 16,50,000 would incur a total of Rs 1,48,500 in fees.

Which Sub Registrar Office serves Valaiyapathi Extn?

The Tambaram Joint 1 Sub Registrar Office serves Valaiyapathi Extn, located at No.26, Mes Road, East Tambaram, Chennai-600059.