Guideline Value for Vallal Syed Yusuf Nagar 2nd Street

Vallal Syed Yusuf Nagar 2nd Street guideline value

The current guideline value of Vallal Syed Yusuf Nagar 2nd Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Vallal Syed Yusuf Nagar 2nd Street has changed

The guideline value for Vallal Syed Yusuf Nagar 2nd Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was followed by a decrease to Rs 804 per sq.ft in 2017. The value then increased significantly to Rs 1,200 per sq.ft in 2023, before rising again to the current rate of Rs 1,300 per sq.ft in 2024. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The overall change from 2012 to 2024 reflects a modest increase of 8%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft, with a median value of Rs 2,150 per sq.ft. The guideline value for Vallal Syed Yusuf Nagar 2nd Street is below this median.

• Vallal Syed Yusuf Nagar 2nd Main Road: Rs 1,300 per sq.ft (2024)
• Vallal Syed Yusuf Nagar 3rd Street: Rs 1,300 per sq.ft (2024)
• Vallal Syed Yusuf Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Vallal Syed Yusuf Nagar 4th Street: Rs 1,300 per sq.ft (2024)
• Vallal Syed Yusuf Nagar 1st Main Road: Rs 1,300 per sq.ft (2024)
• Vallal Syed Yusuf Nagar 5th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vallal Syed Yusuf Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total cost for these fees Rs 1,17,000. It is important to note that the 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 accurate calculations.

Which Sub Registrar Office covers Vallal Syed Yusuf Nagar 2nd Street?

The Vallal Syed Yusuf Nagar 2nd Street falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial aspect when registering property transactions in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling a property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with property transactions. It ensures transparency and consistency in property valuation across the region.

Frequently asked questions

What is the current guideline value of Vallal Syed Yusuf Nagar 2nd Street?

The current guideline value of Vallal Syed Yusuf Nagar 2nd Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification for Vallal Syed Yusuf Nagar 2nd Street?

The land classification for Vallal Syed Yusuf Nagar 2nd Street is Residential Class II Type - II.

How does the guideline value compare to other streets in Rajakilpakkam?

The guideline value for Vallal Syed Yusuf Nagar 2nd Street is Rs 1,300 per sq.ft, which is below the median value of Rs 2,150 per sq.ft for other streets in Rajakilpakkam.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.