Guideline Value for Vallaba vinayagar Street (Sabari Nagar)

Vallaba vinayagar Street (Sabari Nagar) guideline value

The current guideline value of Vallaba vinayagar Street (Sabari Nagar) is Rs 5,400 per sq.ft, effective from 1 July 2024. This street is located in Naduvakkarai village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Vallaba vinayagar Street (Sabari Nagar) has changed

The guideline value for Vallaba vinayagar Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,800 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, this figure dropped to Rs 3,350 per sq.ft in 2017. The 2023 revision saw a substantial increase to Rs 5,000 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 5,400 per sq.ft, marking an 8% increase from the previous year.

Notably, the register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 200%.

Guideline values in Naduvakkarai

Naduvakkarai village has a total of 148 streets under the AnnaNagar SRO, with guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft in 2024. The median guideline value for these streets is Rs 11,500 per sq.ft, placing Vallaba vinayagar Street's 2024 figure below this median.

• Thiru-Vika- Street: Rs 5,400 per sq.ft (2024)
• Thiru Veedhi Amman Koil Street: Rs 5,400 per sq.ft (2024)
• W Block 2nd Avenue: Rs 15,900 per sq.ft (2024)
• W-Block, 2nd Main Road: Rs 12,600 per sq.ft (2024)
• W-Block, 3rd Main Road: Rs 12,600 per sq.ft (2024)
• W Block C-19,4664B,4665 to 4674 Second Avenue: Rs 14,800 per sq.ft (2024)

Stamp duty and registration fee for property in Vallaba vinayagar Street (Sabari Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,400 per sq.ft, the total guideline value would be Rs 54,00,000. The stamp duty at 7% would amount to Rs 3,78,000, and the registration fee at 2% would be Rs 1,08,000, bringing the total cost for these fees to Rs 4,86,000. It is important to note that the 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 more precise calculations.

Which Sub Registrar Office covers Vallaba vinayagar Street (Sabari Nagar)?

The Sub Registrar Office that covers Vallaba vinayagar Street (Sabari Nagar) is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Naduvakkarai. It is used to determine the minimum value at which properties can be registered and is essential for calculating stamp duty and registration fees. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value helps establish a baseline for the transaction. It serves as a reference point for both parties, ensuring that the sale price is in line with the prevailing market conditions as defined by the local registration authority.

Frequently asked questions

What is the current guideline value of Vallaba vinayagar Street (Sabari Nagar)?

The current guideline value of Vallaba vinayagar Street (Sabari Nagar) is Rs 5,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 5,400 per sq.ft in 2024, representing an overall increase of 200% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 54,00,000, the stamp duty would be Rs 3,78,000 and the registration fee would be Rs 1,08,000, totaling Rs 4,86,000.

Which Sub Registrar Office covers Vallaba vinayagar Street?

The AnnaNagar Sub Registrar Office covers Vallaba vinayagar Street (Sabari Nagar), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the range of guideline values in Naduvakkarai?

The guideline values in Naduvakkarai range from Rs 3,300 to Rs 15,900 per sq.ft, with a median value of Rs 11,500 per sq.ft.