Guideline Value for Vallakottai Velavan Nagar

Vallakottai Velavan Nagar guideline value

The current guideline value of Vallakottai Velavan Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Vallam_B village under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Vallakottai Velavan Nagar has changed

Over the years, the guideline value of Vallakottai Velavan Nagar has seen a significant change. The register shows that in 2017, the guideline value was Rs 134 per sq.ft. This figure remained unchanged at Rs 200 per sq.ft during the 2023 revision and continues to be the same in the 2024 revision, indicating a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

It should be noted that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The consistent value of Rs 200 per sq.ft from 2023 to 2024 shows no change, reflecting stability in the guideline value during this period.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft. The median guideline value in this area is Rs 400 per sq.ft, placing Vallakottai Velavan Nagar's 2024 figure below that median.

• Vallakottai Velavan Nagar Extension: Rs 600 per sq.ft (2024)
• Vallakottai Murugan Nagar: Rs 400 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 Velavan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vallakottai Velavan Nagar?

The Vallakottai Velavan 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 further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Vallam_B. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vallakottai Velavan Nagar?

The current guideline value of Vallakottai Velavan Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification for Vallakottai Velavan Nagar?

Vallakottai Velavan Nagar is classified as Residential Class III Type - I, indicating its designation for residential use.

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

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

How are stamp duty and registration fees calculated in Vallakottai Velavan Nagar?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property at Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000, leading to specific fees based on this amount.