Guideline Value

Corporate

Guideline Value for Vallalar Nagar

₹2000/sq.ft.

The guideline value for Vallalar Nagar in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 2000 per sq.ft, effective 1 July 2024. It was Rs 1900 per sq.ft from 1 April 2023, a 5% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2000 /sq.ft.
From 1-4-2023 ₹1900 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹250 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹139 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vallalar Nagar

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Vallalar Nagar guideline value

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

How the guideline value of Vallalar Nagar has changed

The guideline value for Vallalar Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 139 per sq.ft, which increased to Rs 250 per sq.ft in 2003, marking an increase of 80%. By 2007, it rose to Rs 400 per sq.ft, reflecting a 60% increase. The value remained at Rs 400 per sq.ft until the 2012 revision, where it jumped to Rs 1,900 per sq.ft, a substantial increase of 375%. This figure stayed the same until the 2023 revision, which also recorded Rs 1,900 per sq.ft.

The most recent revision in 2024 saw the guideline value rise to Rs 2,000 per sq.ft, which is a 5% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1339%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. Vallalar Nagar's current guideline value is below this median.

Stamp duty and registration fee for property in Vallalar Nagar

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 be 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 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 Vallalar Nagar?

The Sub Registrar Office that covers Vallalar Nagar 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 information.

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

The guideline value is a crucial factor in property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on the official valuation.

During the registration process, the guideline value helps to maintain transparency and standardization in property transactions. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements and to avoid any discrepancies in the registration process.

Frequently asked questions

What is the current guideline value of Vallalar Nagar?

The current guideline value of Vallalar Nagar 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 significantly from Rs 139 per sq.ft in 2002 to Rs 2,000 per sq.ft in 2024, reflecting an overall increase of 1339%.

What is the land classification for Vallalar Nagar?

The land classification for Vallalar Nagar is Residential Class I Type - III.

Where can I find the Ambattur Sub Registrar Office?

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

How is stamp duty calculated on property in Vallalar Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 20,00,000, the stamp duty at 7% would be Rs 1,40,000.