Guideline Value for Vallal Syed Yusuf Nagar

Vallal Syed Yusuf Nagar guideline value

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

How the guideline value of Vallal Syed Yusuf Nagar has changed

The guideline value for Vallal Syed Yusuf Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision raised it to Rs 1,300 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows an increase of 8% in the guideline value per sq.ft.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO with guideline values 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's current value below this median.

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

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

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 to Rs 1,17,000. It is important to note that 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 details.

Which Sub Registrar Office covers Vallal Syed Yusuf Nagar?

The Sub Registrar Office that covers Vallal Syed Yusuf Nagar 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 when registering property transactions in Rajakilpakkam. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the property registration process.

When buying or selling property, the guideline value ensures that the transaction is documented at a fair value, reflecting the official rates set by the government. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

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

The current guideline value of Vallal Syed Yusuf Nagar 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 2023 to Rs 1,300 per sq.ft in 2024, marking 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 the same guideline value of Rs 1,300 per sq.ft include Vallal Syed Yusuf Nagar 1st Main Road, 1st Street, 2nd Main Road, 2nd Street, 3rd Street, and 4th Street.

What is the registration fee for property in Vallal Syed Yusuf Nagar?

The registration fee for property in Vallal Syed Yusuf Nagar is calculated based on the guideline value. For example, for a property valued at Rs 13,00,000, the registration fee would be Rs 26,000 at 2%.

Where can I find the Sub Registrar Office for Vallal Syed Yusuf Nagar?

The Sub Registrar Office for Vallal Syed Yusuf Nagar is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more details by visiting the appropriate link.