Guideline Value for Vallal Syed Yusuf Nagar 4th Street

Vallal Syed Yusuf Nagar 4th Street guideline value

The current guideline value of Vallal Syed Yusuf Nagar 4th Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Vallal Syed Yusuf Nagar 4th Street has changed

The guideline value for Vallal Syed Yusuf Nagar 4th Street has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017, a significant drop of 33%. In 2023, the value increased to Rs 1,200 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,300 per sq.ft, marking an 8% rise from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 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. The median value for these streets is Rs 2,150 per sq.ft, indicating that Vallal Syed Yusuf Nagar 4th Street's 2024 figure is below this median.

• Vallal Syed Yusuf Nagar 3rd Street: Rs 1,300 per sq.ft (2024)
• Vallal Syed Yusuf Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Vallal Syed Yusuf Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Vallal Syed Yusuf Nagar 6th 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 7th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vallal Syed Yusuf Nagar 4th 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, bringing the total cost together to Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Vallal Syed Yusuf Nagar 4th Street?

The Sub Registrar Office that covers Vallal Syed Yusuf Nagar 4th Street is 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 is a crucial factor during property transactions in Rajakilpakkam. It serves as a reference point for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value helps in establishing the legal framework for the transaction. It ensures that the property is not undervalued, thereby protecting the interests of both the buyer and the seller during the registration process.

Frequently asked questions

What is the current guideline value of Vallal Syed Yusuf Nagar 4th Street?

The current guideline value of Vallal Syed Yusuf Nagar 4th 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 back 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 4th Street?

The land classification for Vallal Syed Yusuf Nagar 4th Street is Residential Class II Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Vallal Syed Yusuf Nagar 4th Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is the stamp duty calculated for properties in Vallal Syed Yusuf Nagar 4th 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 13,00,000 incurs a stamp duty of Rs 91,000 at 7%.