Guideline Value for Valampuri Vinayagar Koil Street

Valampuri Vinayagar Koil Street guideline value

The current guideline value of Valampuri Vinayagar Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village, under the Virugambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Valampuri Vinayagar Koil Street has changed

The guideline value for Valampuri Vinayagar Koil Street has undergone several revisions over the years. The earliest recorded revision is from 2002, with a guideline value of Rs 500 per sq.ft. This increased to Rs 546 per sq.ft in 2003, marking a 9% rise. In 2007, the value jumped significantly to Rs 850 per sq.ft, reflecting a 56% increase. The 2012 revision saw the value rise to Rs 3,000 per sq.ft, which was a substantial 253% increase from the previous revision. However, in 2017, the value decreased to Rs 2,010 per sq.ft, a drop of 33%. The most recent revisions show an increase, with the 2023 value at Rs 3,000 per sq.ft, followed by the current 2024 value of Rs 3,300 per sq.ft, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 560%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Saligramam

In Saligramam, there are a total of 333 streets under the Virugambakkam SRO, with 2024 guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value for the village is Rs 4,400 per sq.ft, placing Valampuri Vinayagar Koil Street's 2024 figure below this median.

• Valmiki Street: Rs 3,300 per sq.ft (2024)
• Vedachalam Street: Rs 3,300 per sq.ft (2024)
• Vedavalli Street: Rs 6,600 per sq.ft (2024)
• Tilaiyadi Valliammai Street: Rs 4,950 per sq.ft (2024)
• Velayudam Colony 1st Cross Street: Rs 4,400 per sq.ft (2024)
• Velayudam Colony 1st Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Valampuri Vinayagar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Valampuri Vinayagar Koil Street?

The Sub Registrar Office covering Valampuri Vinayagar Koil Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Saligramam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer and seller must consider the guideline value for calculating the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Valampuri Vinayagar Koil Street?

The current guideline value of Valampuri Vinayagar Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 560% over the years.

What is the land classification for Valampuri Vinayagar Koil Street?

Valampuri Vinayagar Koil Street is classified as Residential Class III Type - I.

Where can I find the registration office for Valampuri Vinayagar Koil Street?

The registration office is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Valampuri Vinayagar Koil Street?

Stamp duty 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 stamp duty would be Rs 2,31,000.