Guideline Value for Vallalar Nagar 4th Street

Vallalar Nagar 4th Street guideline value

The current guideline value of Vallalar Nagar 4th Street is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Vallalar Nagar 4th Street has changed

The guideline value for Vallalar Nagar 4th Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,900 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,273 per sq.ft. The value remained the same at Rs 1,900 per sq.ft in the 2012 revision until it increased to Rs 1,900 per sq.ft in 2023, marking a significant rise of 49% from the 2017 figure.

As of 1 July 2024, the guideline value has been revised to Rs 2,000 per sq.ft, reflecting a 5% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 5%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 in this area is Rs 2,400 per sq.ft, positioning Vallalar Nagar 4th Street's 2024 figure below that 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 3rd 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 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, totaling Rs 1,80,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vallalar Nagar 4th Street?

The Vallalar Nagar 4th Street falls under 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller must be aware of the guideline value as it influences the financial aspects of the transaction. It is essential to ensure that the sale price is aligned with the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Vallalar Nagar 4th Street?

The current guideline value of Vallalar Nagar 4th 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 2023 to Rs 2,000 per sq.ft in 2024, an increase of 5%. It was Rs 1,273 per sq.ft in 2017 and Rs 1,900 per sq.ft in 2012.

What is the median guideline value in Thirumullaivoyal?

The median guideline value in Thirumullaivoyal is Rs 2,400 per sq.ft, which is higher than the current value of Vallalar Nagar 4th Street.

What are the stamp duty and registration fees for properties in Vallalar Nagar 4th Street?

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.

Which office handles the registration for Vallalar Nagar 4th Street?

The Ambattur Sub Registrar Office handles the registration for Vallalar Nagar 4th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai.