Guideline Value for Vallal Athiyaman Street

Vallal Athiyaman Street guideline value

The current guideline value of Vallal Athiyaman Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Vallal Athiyaman Street has changed

As per the guideline value register, the revisions for Vallal Athiyaman Street have been recorded for the years 2023 and 2024. In 2023, the guideline value was Rs 3,500 per sq.ft, and it increased to Rs 3,850 per sq.ft in 2024, reflecting a change of +10%.

There are no recorded figures for the revisions in the years 2002, 2003, 2007, 2012, and 2017 for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO with a 2024 guideline value range from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, placing Vallal Athiyaman Street above this median.

• Vallal kari Street: Rs 3,850 per sq.ft (2024)
• Vallal Kari Street(Srinivasa Nagar Extn): Rs 3,850 per sq.ft (2024)
• Vallal Kumanan Street: Rs 2,750 per sq.ft (2024)
• Vallal Ori Street: Rs 3,850 per sq.ft (2024)
• Vallal Pari Street: Rs 2,750 per sq.ft (2024)
• Vanjinathan Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Vallal Athiyaman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees together to Rs 3,46,500. It is important to note that the stamp 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 details.

Which Sub Registrar Office covers Vallal Athiyaman Street?

The Sub Registrar Office that covers Vallal Athiyaman Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor during the registration of property transactions in Madipakkam-1. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, thereby helping in the assessment of taxes and fees associated with the property transfer.

Frequently asked questions

What is the current guideline value of Vallal Athiyaman Street?

The current guideline value of Vallal Athiyaman Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

In 2023, the guideline value was Rs 3,500 per sq.ft, which increased to Rs 3,850 per sq.ft in 2024, representing a change of +10%.

What is the land classification for Vallal Athiyaman Street?

Vallal Athiyaman Street falls under the Residential Class I Type - I land classification.

Where can I find the registration office for Vallal Athiyaman Street?

The registration office for Vallal Athiyaman Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in Vallal Athiyaman Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, a 1,000 sq.ft plot at the guideline value of Rs 3,850 per sq.ft incurs a total stamp duty of Rs 2,69,500.