Guideline Value for Valayapadhi 3rd Cross Street

Valayapadhi 3rd Cross Street guideline value

The current guideline value of Valayapadhi 3rd Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Valayapadhi 3rd Cross Street has changed

The guideline value for Valayapadhi 3rd Cross Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, an increase from Rs 1,500 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the value was Rs 1,005 per sq.ft, which reflects a significant increase of 49% when compared to the 2023 figure. The 2012 revision also recorded a value of Rs 1,500 per sq.ft, indicating a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The 2012 and 2017 revisions show fluctuations, but the recent updates reflect a steady increase in the guideline value.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which aligns with the current value of Valayapadhi 3rd Cross Street.

• Valayapadhi 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Valayapadhi 4th Cross Street: Rs 1,650 per sq.ft (2024)
• Valayapadhi 1st 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 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total 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 cost for these fees to Rs 1,48,500. It is essential 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 Valayapadhi 3rd Cross Street?

The Sub Registrar Office that covers Valayapadhi 3rd 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. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling a property.

When a property is registered, the guideline value helps ensure that the transaction reflects a fair value for the property, and it is used to calculate the applicable duties and fees. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Valayapadhi 3rd Cross Street?

The current guideline value of Valayapadhi 3rd Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, with the most recent increase being from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024. The value has also seen a notable increase from Rs 1,005 per sq.ft in 2017.

What are the other streets in Peerklankaranai with similar guideline values?

Other streets in Peerklankaranai with a guideline value of Rs 1,650 per sq.ft include Valayapadhi 1st Cross Street, Valayapadhi 2nd Cross Street, Valayapadhi 4th Cross Street, and Valaiyapathi Extn.

What fees are associated with buying property in Valayapadhi 3rd Cross Street?

When purchasing property in Valayapadhi 3rd Cross Street, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Valayapadhi 3rd Cross Street?

The Sub Registrar Office for Valayapadhi 3rd Cross Street is located at No.26, Mes Road, East Tambaram, Chennai-600059. This office is part of the Chengalpattu registration zone.