Guideline Value for Vallal Pari Street

Vallal Pari Street guideline value

The current guideline value of Vallal Pari Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Vallal Pari Street has changed

The guideline value for Vallal Pari Street has seen several revisions over the years. In the 2007 revision, the value was Rs 800 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a significant rise of 275%. However, this value dropped to Rs 2,010 per sq.ft in the 2017 revision, a decrease of 33%. The 2023 revision set the value at Rs 3,000 per sq.ft, and the latest 2024 revision has increased it to Rs 3,300 per sq.ft, reflecting a change of 10%.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 313%. It is important to note that there are no figures available for Vallal Pari Street in the 2002 and 2003 revisions.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Vallal Pari Street's 2024 figure below the median.

• Vallalar Street (M.G.R. Nagar): Rs 3,300 per sq.ft (2024)
• Vallalar Street (J.Pet): Rs 4,100 per sq.ft (2024)
• Valliammal Nagar: Rs 4,900 per sq.ft (2024)
• Valayapathi Street: Rs 3,300 per sq.ft (2024)
• Valluvar Street (Thiru Nagar): Rs 4,400 per sq.ft (2024)
• Valluvar Street (West Jones Road): Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Vallal Pari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that 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 Pari Street?

The Sub Registrar Office that covers Vallal Pari Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kodambakkam. It is used to determine the stamp duty and registration fees that buyers need to pay during the registration process. The guideline value is set by the Registration Department and reflects the current market conditions for different areas.

When buying or selling property, it is essential to be aware of the guideline value, as it ensures that the transaction is registered at a value that is recognized by the government. This helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Vallal Pari Street?

The current guideline value of Vallal Pari Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 313% over the years.

What is the land classification for Vallal Pari Street?

The land classification for Vallal Pari Street is Residential Class IV Type - II, indicating its designation for residential use.

Where can I find the Sub Registrar Office for Vallal Pari Street?

The Sub Registrar Office for Vallal Pari Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Vallal Pari Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at a rate of 7%.