Guideline Value for Vallal Pari Street

Vallal Pari Street guideline value

The current guideline value of Vallal Pari Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Periyakuppam village under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Vallal Pari Street has changed

The guideline value for Vallal Pari Street has undergone several revisions over the years. Starting from Rs 200 per sq.ft in 2007, it increased significantly to Rs 1,000 per sq.ft in 2012, followed by a decrease to Rs 670 per sq.ft in 2017. The value then rose to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. The overall increase from 2007 to 2024 is 450%, showcasing a substantial rise in the guideline value over the years.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,300 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is equal to the current figure for Vallal Pari Street.

• Vallalar Street: Rs 1,320 per sq.ft (2024)
• Vanjinathan Street: Rs 1,100 per sq.ft (2024)
• Varadha Rajapuram & Varadha Raja Nagar: Rs 1,100 per sq.ft (2024)
• T.T.K. Street: Rs 1,100 per sq.ft (2024)
• Thomurarar Nagar: Rs 879 per sq.ft (2024)
• Thiru.Vi.Ka.Street: Rs 1,100 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 rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vallal Pari Street?

The Sub Registrar Office covering Vallal Pari Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial reference point during property transactions in Periyakuppam. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value is considered to ensure that the appropriate taxes are collected based on the assessed value of the property. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Vallal Pari Street?

The current guideline value of Vallal Pari Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting a significant increase over the years.

What is the median guideline value in Periyakuppam?

The median guideline value in Periyakuppam is Rs 1,100 per sq.ft, which is the same as the current value for Vallal Pari Street.

What are the stamp duty and registration fees for properties in Vallal Pari Street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where is the Sub Registrar Office for Vallal Pari Street located?

The Sub Registrar Office for Vallal Pari Street is at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.