Guideline Value for Valampuri Nagar

Valampuri Nagar guideline value

The current guideline value of Valampuri Nagar is Rs 1,300 per sq.ft, as per the 2023 revision. This area falls under Nalambakkam village and is classified as Residential Special Type - II, with the Gooduvancheri SRO overseeing its registration.

How the guideline value of Valampuri Nagar has changed

Over the years, the guideline value of Valampuri Nagar has seen significant changes. In the 2007 revision, the guideline value was set at Rs 200 per sq.ft. This increased dramatically to Rs 1,300 per sq.ft in the 2012 revision, marking a 550% rise. However, from 2012 to 2017, the value decreased to Rs 871 per sq.ft, a drop of 33%. The most recent revision in 2023 brought the value back up to Rs 1,300 per sq.ft, representing a 49% increase from the 2017 value.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street. Overall, from 2007 to 2023, the guideline value has increased by 550%.

Guideline values in Nalambakkam

While specific village figures are not provided, Valampuri Nagar is one of the areas under the Gooduvancheri SRO. Currently, there are no other streets in Nalambakkam listed with guideline values.

Stamp duty and registration fee for property in Valampuri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost to Rs 1,17,000. It is essential to remember that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Valampuri Nagar?

The Gooduvancheri Sub Registrar Office covers Valampuri Nagar. The address is Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nalambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Valampuri Nagar?

The current guideline value of Valampuri Nagar is Rs 1,300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 200 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2012, then dropping to Rs 871 per sq.ft in 2017, and returning to Rs 1,300 per sq.ft in 2023.

What is the land classification for Valampuri Nagar?

Valampuri Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

Where is the Gooduvancheri SRO located?

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

How is stamp duty calculated for properties in Valampuri Nagar?

Stamp duty for properties in Valampuri Nagar is 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 guideline value would be Rs 13,00,000, leading to a stamp duty of Rs 91,000.