Guideline Value for Valayapadhi 1st Cross Street

Valayapadhi 1st Cross Street guideline value

The current guideline value of Valayapadhi 1st Cross Street is Rs 1,650 per sq.ft. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Valayapadhi 1st Cross Street has changed

The guideline value for Valayapadhi 1st Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft. This was followed by a significant increase in the 2023 revision to Rs 1,500 per sq.ft, and the current 2024 revision has further increased it to Rs 1,650 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry 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 Valayapadhi 1st Cross Street.

• 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)
• Valaiyapathi Extn: Rs 1,650 per sq.ft (2024)
• Vadivudai Amman koil Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Valayapadhi 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Valayapadhi 1st Cross Street?

The Sub Registrar Office that covers Valayapadhi 1st Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Peerklankaranai. It serves as a benchmark for the minimum value at which properties can be registered. This ensures transparency and fairness in property dealings, as the guideline value reflects the prevailing market conditions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can significantly impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Valayapadhi 1st Cross Street?

The current guideline value of Valayapadhi 1st Cross Street 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 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Valayapadhi 1st Cross Street?

The land classification for Valayapadhi 1st Cross Street is Residential Class I Type - II.

Where can I find the registration office for Valayapadhi 1st Cross Street?

The registration office for Valayapadhi 1st Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the stamp duty rate for properties in Valayapadhi 1st Cross Street?

The stamp duty rate for properties in Valayapadhi 1st Cross Street is 7% of the guideline value or the sale price, whichever is higher.