Guideline Value for Vallal Syed Yusuf Nagar 5th Street

Vallal Syed Yusuf Nagar 5th Street guideline value

The current guideline value of Vallal Syed Yusuf Nagar 5th 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 it falls under the Residential Class II Type - II land classification.

How the guideline value of Vallal Syed Yusuf Nagar 5th Street has changed

The guideline value for Vallal Syed Yusuf Nagar 5th Street has undergone 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 in the 2017 revision to Rs 804 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 1,200 per sq.ft in the 2023 revision, and further rose to Rs 1,300 per sq.ft in the 2024 revision, reflecting an increase of 8% from the previous year. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 8%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only revisions available are from 2012, 2017, 2023, and the current 2024 figures.

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, indicating that Vallal Syed Yusuf Nagar 5th Street's current value is below this median.

• Vallal Syed Yusuf Nagar 4th 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 3rd Street: Rs 1,300 per sq.ft (2024)
• Vallal Syed Yusuf Nagar 7th 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 2nd Main Road: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vallal Syed Yusuf Nagar 5th 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 cost for these fees to Rs 1,17,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vallal Syed Yusuf Nagar 5th Street?

The Vallal Syed Yusuf Nagar 5th Street is covered by 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 plays a crucial role in the property registration process in Rajakilpakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are compliant with local regulations.

It is important for buyers and sellers to be aware of the guideline value, as it affects the overall cost of property transactions. Ensuring that the sale price is aligned with the guideline value can help avoid potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Vallal Syed Yusuf Nagar 5th Street?

The current guideline value of Vallal Syed Yusuf Nagar 5th Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much 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 5th Street?

The land classification for Vallal Syed Yusuf Nagar 5th Street is Residential Class II Type - II.

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

The guideline value of Vallal Syed Yusuf Nagar 5th Street is Rs 1,300 per sq.ft, which is below the median value of Rs 2,150 per sq.ft for the 384 streets in Rajakilpakkam.

Where can I find the Selaiyur Sub Registrar Office?

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