Guideline Value for Valar Nagar

Valar Nagar guideline value

The current guideline value of Valar Nagar, located in Valarpuram village, is Rs 200 per sq.ft, effective from the 2024 revision. This property falls under the Residential Class III Type - I land classification and is registered with the Sriperumpudur SRO.

How the guideline value of Valar Nagar has changed

Looking at the historical revisions, the guideline value for Valar Nagar has seen several changes over the years. In 2007, the guideline value was Rs 100 per sq.ft, which increased to Rs 200 per sq.ft in 2012, marking a 100% rise. However, it then decreased to Rs 134 per sq.ft in 2017, a decline of 33%. The value remained at Rs 200 per sq.ft in both the 2023 and 2024 revisions, indicating no change from 2023 to 2024 and a significant increase of 49% from 2017 to 2023.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 100%.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft, with a median value of Rs 300 per sq.ft. Valar Nagar's current guideline value of Rs 200 per sq.ft is below this median.

• Vaishnavi Farms: Rs 200 per sq.ft (2024)
• Vaikuntham Nagar: Rs 200 per sq.ft (2024)
• Varatharajan Nagar: Rs 400 per sq.ft (2024)
• Vasuki Nagar: Rs 300 per sq.ft (2024)
• Venkatachalapathi Nagar: Rs 400 per sq.ft (2024)
• Thirumal Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Valar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Valar Nagar?

The Sub Registrar Office that covers Valar Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Valarpuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the property transaction.

Frequently asked questions

What is the current guideline value of Valar Nagar?

The current guideline value of Valar Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 100 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreasing to Rs 134 per sq.ft in 2017, and remaining at Rs 200 per sq.ft in both 2023 and 2024.

What is the land classification for Valar Nagar?

Valar Nagar is classified as Residential Class III Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for a property in Valar Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 2,00,000, the total fees would be Rs 18,000.

Which office handles property registrations for Valar Nagar?

The Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, handles property registrations for Valar Nagar.