Guideline Value for Vallalar Nagar 7th Street

Vallalar Nagar 7th Street guideline value

The current guideline value of Vallalar Nagar 7th Street is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, and it falls under the Residential Class I Type - III land classification.

How the guideline value of Vallalar Nagar 7th Street has changed

The guideline value for Vallalar Nagar 7th Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 1,900 per sq.ft. Following this, the 2024 revision increased the guideline value to Rs 2,000 per sq.ft, marking a change of +5% from the previous figure.

There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 in the register for this street. Therefore, the only revisions noted are from 2012 and 2024.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are a total of 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Vallalar Nagar 7th Street's 2024 figure below this median.

• Vallalar Nagar 6th Street: Rs 2,000 per sq.ft (2024)
• Vallalar Nagar 5th Street: Rs 2,000 per sq.ft (2024)
• Vallalar Nagar 4th Street: Rs 2,000 per sq.ft (2024)
• Vallalar Nagar 3rd Street: Rs 2,000 per sq.ft (2024)
• Vallalar Nagar 2nd Street: Rs 2,000 per sq.ft (2024)
• Vallalar Nagar 1st Street: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vallalar Nagar 7th 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, resulting in a total of Rs 1,80,000. It is important to note that the 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 7th Street?

The Vallalar Nagar 7th Street falls under the jurisdiction of 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 in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the sale price is aligned with the official rates set by the government. This helps maintain transparency in property transactions and ensures that the appropriate fees are collected based on the established values.

Frequently asked questions

What is the current guideline value of Vallalar Nagar 7th Street?

The current guideline value of Vallalar Nagar 7th 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 increased from Rs 1,900 per sq.ft in 2012 to Rs 2,000 per sq.ft in 2024, which is a change of +5%. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What are the stamp duty and registration fees for properties in Vallalar Nagar 7th 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. The duty is charged on the higher of the guideline value or the sale price.

Where is the Ambattur Sub Registrar Office located?

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

What is the median guideline value in Thirumullaivoyal?

The median guideline value for streets in Thirumullaivoyal is Rs 2,400 per sq.ft. Vallalar Nagar 7th Street's current guideline value is below this median.