Guideline Value for Vallal Syed Yusuf Nagar 3rd Street

Vallal Syed Yusuf Nagar 3rd Street guideline value

The current guideline value of Vallal Syed Yusuf Nagar 3rd 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 3rd Street has changed

The guideline value for Vallal Syed Yusuf Nagar 3rd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from Rs 804 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 1,200 per sq.ft, and the latest 2024 revision raised it to Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

From the 2012 revision to the 2024 revision, the overall change in guideline value is an increase of 8%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

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. The median guideline value in this area is Rs 2,150 per sq.ft, placing Vallal Syed Yusuf Nagar 3rd Street's 2024 figure below that median.

• Vallal Syed Yusuf Nagar 2nd 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 2nd Main Road: Rs 1,300 per sq.ft (2024)
• Vallal Syed Yusuf Nagar 5th 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 6th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vallal Syed Yusuf Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees together to Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vallal Syed Yusuf Nagar 3rd Street?

The Vallal Syed Yusuf Nagar 3rd 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 information.

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

The guideline value plays a crucial role in property transactions in Rajakilpakkam. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives its due revenue from property transactions.

When buying or selling property, the guideline value helps determine the legal value of the property, providing a reference point for both buyers and sellers. It is essential to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Vallal Syed Yusuf Nagar 3rd Street?

The current guideline value of Vallal Syed Yusuf Nagar 3rd 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 2023 to Rs 1,300 per sq.ft in 2024, an increase of 8%. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What are the other streets in Rajakilpakkam with the same guideline value?

Other streets in Rajakilpakkam with a guideline value of Rs 1,300 per sq.ft in 2024 include Vallal Syed Yusuf Nagar 2nd Street, Vallal Syed Yusuf Nagar 4th Street, Vallal Syed Yusuf Nagar 2nd Main Road, Vallal Syed Yusuf Nagar 5th Street, Vallal Syed Yusuf Nagar 1st Street, and Vallal Syed Yusuf Nagar 6th Street.

What is the role of the Selaiyur SRO?

The Selaiyur SRO is responsible for the registration of property transactions in the area, including Vallal Syed Yusuf Nagar 3rd Street. It ensures compliance with legal requirements and collects stamp duty and registration fees.

How is stamp duty calculated for properties in Vallal Syed Yusuf Nagar 3rd Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 91,000.