Guideline Value for Vallalar Street (Viyalakshmipuram)

Vallalar Street (Viyalakshmipuram) guideline value

The current guideline value of Vallalar Street (Viyalakshmipuram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Special Type - I.

How the guideline value of Vallalar Street (Viyalakshmipuram) has changed

The guideline value of Vallalar Street has seen significant changes over the years. In the 2007 revision, the value was Rs 600 per sq.ft, which increased dramatically to Rs 2,200 per sq.ft in the 2012 revision, marking a rise of 267%. However, in the 2017 revision, the value decreased to Rs 1,474 per sq.ft, a drop of 33%. The value then increased again to Rs 2,200 per sq.ft in 2023, followed by a rise to Rs 2,400 per sq.ft in the 2024 revision, reflecting a 9% increase.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 300%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Vallalar Street's 2024 guideline value of Rs 2,400 per sq.ft is above this median.

• Valliammal Street (S.V.Nagar): Rs 1,600 per sq.ft (2024)
• Valarmathi Street: Rs 1,600 per sq.ft (2024)
• Valarmathi Nagar: Rs 1,600 per sq.ft (2024)
• Valluvar Street (S.V.Nagar): Rs 1,600 per sq.ft (2024)
• Vairam Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Vairakulam Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Vallalar Street (Viyalakshmipuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, making the total fees Rs 2,16,000. 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 Street (Viyalakshmipuram)?

The Sub Registrar Office that covers Vallalar Street (Viyalakshmipuram) is the Ambattur Sub Registrar Office. The address is 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 Oragadam

The guideline value is an essential factor in property transactions in Oragadam. It is used to determine the stamp duty and registration fees that buyers need to pay when purchasing property. The guideline value provides a standard for assessing the value of properties in the area.

When selling property, the guideline value can influence the sale price, as it reflects the official valuation set by the government. Buyers and sellers should be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Vallalar Street (Viyalakshmipuram)?

The current guideline value of Vallalar Street (Viyalakshmipuram) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 300% over the years.

What are the stamp duty and registration fees for properties on Vallalar Street?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000, and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Which office handles registrations for Vallalar Street?

The Ambattur Sub Registrar Office handles registrations for Vallalar Street (Viyalakshmipuram), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

What is the land classification for Vallalar Street?

Vallalar Street (Viyalakshmipuram) is classified as Residential Special Type - I.