Guideline Value for Valajabad Road

Valajabad Road guideline value

The current guideline value of Valajabad Road is Rs 1,200 per sq.ft, as per the 2023 revision. This road is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Valajabad Road has changed

Over the years, the guideline value of Valajabad Road has seen several revisions. In 2007, the value was set at Rs 550 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in the 2012 revision, reflecting a growth of 118%. However, in the 2017 revision, the value dropped to Rs 804 per sq.ft, a decrease of 33%. The most recent revision in 2023 restored the value to Rs 1,200 per sq.ft, marking a 49% increase from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 118%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. Valajabad Road is a key street in this area, and there are no other streets in Vandalur listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Valajabad Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000. Together, the total cost for stamp duty and registration would be Rs 1,08,000. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Valajabad Road?

The Sub Registrar Office that covers Valajabad Road is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, facilitating transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Valajabad Road?

The current guideline value of Valajabad Road is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 550 per sq.ft to Rs 1,200 per sq.ft in 2012, decreased to Rs 804 per sq.ft in 2017, and returned to Rs 1,200 per sq.ft in 2023.

What is the land classification for Valajabad Road?

The land classification for Valajabad Road is Residential Class I Type - I.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fee would be Rs 1,08,000.