Guideline Value for Vallalar Nagar 3rd Street

Vallalar Nagar 3rd Street guideline value

The current guideline value of Vallalar Nagar 3rd Street is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class I Type - III.

How the guideline value of Vallalar Nagar 3rd Street has changed

The guideline value for Vallalar Nagar 3rd Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,900 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision increased the guideline value to Rs 2,000 per sq.ft, marking a 5% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 5%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which means that the 2024 guideline value of Vallalar Nagar 3rd Street is below this median.

• Vallalar Nagar 1st Street: Rs 2,000 per sq.ft (2024)
• Vallalar Nagar 2nd Street: Rs 2,000 per sq.ft (2024)
• Vallalar Nagar 4th Street: Rs 2,000 per sq.ft (2024)
• Vallalar Nagar 5th Street: Rs 2,000 per sq.ft (2024)
• Vallalar Nagar 6th Street: Rs 2,000 per sq.ft (2024)
• Vallalar Nagar 7th Street: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vallalar Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total fees to Rs 1,80,000. 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 information on fees applicable to your property transaction.

Which Sub Registrar Office covers Vallalar Nagar 3rd Street?

The Sub Registrar Office that covers Vallalar Nagar 3rd Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state collects appropriate stamp duty and registration fees based on this value.

When buying or selling a property, the guideline value is used to calculate the applicable fees. It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vallalar Nagar 3rd Street?

The current guideline value of Vallalar Nagar 3rd Street is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,900 per sq.ft in 2012 to Rs 1,900 per sq.ft in 2023, and then to Rs 2,000 per sq.ft in 2024, marking a 5% increase from 2023 to 2024.

What is the land classification of Vallalar Nagar 3rd Street?

Vallalar Nagar 3rd Street is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000 and the registration fee would be Rs 40,000, totaling Rs 1,80,000.

Where can I find the Sub Registrar Office for Vallalar Nagar 3rd Street?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.