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Guideline Value

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Guideline Value for Vallal Kari Street(Srinivasa Nagar Extn)

₹3850/sq.ft.

The guideline value for Vallal Kari Street(srinivasa Nagar Extn) in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vallal Kari Street(srinivasa Nagar Extn)

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Vallal Kari Street(Srinivasa Nagar Extn) guideline value

The current guideline value of Vallal Kari Street(Srinivasa Nagar Extn) is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class I Type - I.

How the guideline value of Vallal Kari Street(Srinivasa Nagar Extn) has changed

The register has no figures for Vallal Kari Street(Srinivasa Nagar Extn) for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 3,500 per sq.ft. The most recent revision in 2024 saw an increase of 10%, bringing the guideline value to Rs 3,850 per sq.ft.

This increase from 2023 to 2024 reflects a rise in the guideline value for this street. The 2024 figure is now above the median for other streets in Madipakkam-1, which is Rs 2,750 per sq.ft.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. Vallal Kari Street(Srinivasa Nagar Extn) has a 2024 guideline value that is higher than the median of Rs 2,750 per sq.ft.

Stamp duty and registration fee for property in Vallal Kari Street(Srinivasa Nagar Extn)

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, totaling Rs 3,46,500. 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 information.

Which Sub Registrar Office covers Vallal Kari Street(Srinivasa Nagar Extn)?

The Sub Registrar Office covering Vallal Kari Street(Srinivasa Nagar Extn) 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 further assistance.

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

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

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating duties.

Frequently asked questions

What is the current guideline value of Vallal Kari Street(Srinivasa Nagar Extn)?

The current guideline value of Vallal Kari Street(Srinivasa Nagar Extn) is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vallal Kari Street(Srinivasa Nagar Extn) was Rs 3,500 per sq.ft in 2023 and increased to Rs 3,850 per sq.ft in 2024, reflecting a 10% rise. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Vallal Kari Street(Srinivasa Nagar Extn)?

Vallal Kari Street(Srinivasa Nagar Extn) is classified as Residential Class I Type - I. This classification is essential for determining the guideline value and applicable regulations.

What is the median guideline value in Madipakkam-1?

The median guideline value for streets in Madipakkam-1 is Rs 2,750 per sq.ft. Vallal Kari Street(Srinivasa Nagar Extn) has a guideline value above this median.

Where can I find the Sub Registrar Office for Vallal Kari Street(Srinivasa Nagar Extn)?

The Velacheri Sub Registrar Office covers Vallal Kari Street(Srinivasa Nagar Extn) and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.