Guideline Value for Vallabha Agraharam Street

Vallabha Agraharam Street guideline value

The current guideline value of Vallabha Agraharam Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Vallabha Agraharam Street has changed

Over the years, the guideline value of Vallabha Agraharam Street has seen significant changes. In 2007, the guideline value was Rs 1,650 per sq.ft, which increased to Rs 7,000 per sq.ft in 2012, marking a substantial rise of 324%. However, from 2012 to 2017, the value fell to Rs 4,690 per sq.ft, a decrease of 33%. The value then rose again to Rs 7,000 per sq.ft in 2023, and most recently, it increased to Rs 7,700 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 367%. It is important to note that the register has no figures for Vallabha Agraharam Street for the years 2002 and 2003.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, placing Vallabha Agraharam Street's 2024 figure above this median.

• Usman Khan Street: Rs 5,500 per sq.ft (2024)
• Unnis Ali Street: Rs 6,600 per sq.ft (2024)
• Unnis Ali 2nd Lane: Rs 6,600 per sq.ft (2024)
• Unnis Ali 1st Lane: Rs 6,600 per sq.ft (2024)
• Vaniyar Lane: Rs 6,600 per sq.ft (2024)
• Vaniyar Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Vallabha Agraharam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, while the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. 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 Vallabha Agraharam Street?

The Sub Registrar Office that covers Vallabha Agraharam Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of a property.

When buyers and sellers engage in a transaction, the guideline value ensures that the government receives the appropriate revenue through stamp duty. It is essential to consider the guideline value when planning a property transaction in this area.

Frequently asked questions

What is the current guideline value of Vallabha Agraharam Street?

The current guideline value of Vallabha Agraharam Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,650 per sq.ft to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 367%.

What is the median guideline value for streets in Triplicane?

The median guideline value for the 415 streets in Triplicane is Rs 6,600 per sq.ft, which is below the current value of Vallabha Agraharam Street.

What are the stamp duty rates for properties in Vallabha Agraharam Street?

The stamp duty for properties in Vallabha Agraharam Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vallabha Agraharam Street?

The Sub Registrar Office for Vallabha Agraharam Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.