Guideline Value for Vallakottai Murugan Nagar

Vallakottai Murugan Nagar guideline value

The current guideline value of Vallakottai Murugan Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Vallam_B village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Vallakottai Murugan Nagar has changed

The guideline value for Vallakottai Murugan Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 400 per sq.ft. The current 2024 revision continues this trend with a guideline value of Rs 400 per sq.ft, indicating no percentage change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 199%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vallam_B

In Vallam_B village, there are 73 streets under the Sriperumpudur SRO carrying a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft. The median value is Rs 400 per sq.ft, which aligns with the current guideline value of Vallakottai Murugan Nagar.

• Vallakottai Velavan Nagar: Rs 200 per sq.ft (2024)
• Vallakottai Velavan Nagar Extension: Rs 600 per sq.ft (2024)
• Velalar street: Rs 300 per sq.ft (2024)
• Velavan Nagar: Rs 200 per sq.ft (2024)
• Venkateswara Nagar: Rs 400 per sq.ft (2024)
• Thirumuruga Variyar Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Vallakottai Murugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making a total of Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vallakottai Murugan Nagar?

The Vallakottai Murugan Nagar area is covered by 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 Vallam_B

The guideline value is a crucial factor during the registration of property transactions in Vallam_B. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value assigned to the property.

When buying or selling property, it is essential to consider the guideline value, as it directly impacts the costs associated with the transaction. Buyers should be prepared to pay stamp duty and registration fees based on this value, which is assessed by the local registration authorities.

Frequently asked questions

What is the current guideline value of Vallakottai Murugan Nagar?

The current guideline value of Vallakottai Murugan Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 199%, remaining at Rs 400 per sq.ft from 2023 to 2024.

What is the land classification of Vallakottai Murugan Nagar?

Vallakottai Murugan Nagar is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Vallakottai Murugan Nagar?

The Sub Registrar Office for Vallakottai Murugan Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated in Vallakottai Murugan Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 400 per sq.ft incurs a total stamp duty of Rs 28,000.