Guideline Value for Vallalar Street / Sathya Nagar

Vallalar Street / Sathya Nagar guideline value

The current guideline value of Vallalar Street / Sathya Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal Sub Registrar Office (SRO), and falls under the Residential Class II Type - II land classification.

How the guideline value of Vallalar Street / Sathya Nagar has changed

The guideline value for Vallalar Street / Sathya Nagar has undergone several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 153 per sq.ft. This increased to Rs 173 per sq.ft in 2003, marking a 13% rise. By 2007, the value reached Rs 260 per sq.ft, which was a 50% increase from the previous revision. There were no recorded figures for the years 2012 and 2017.

In 2023, the guideline value was revised to Rs 1,800 per sq.ft, which represented a significant increase of 592% from the 2007 figure. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the 2023 revision. Overall, from 2002 to 2024, the guideline value has increased by 1194%.

Guideline values in Pammal

In Pammal, there are a total of 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Vallalar Street / Sathya Nagar's 2024 figure below the median.

• Vallalar Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Vallalar Street, Gandhi Nagar Ext: Rs 1,980 per sq.ft (2024)
• Vallal Pari Street, Muthamiaz Nagar: Rs 1,980 per sq.ft (2024)
• Vallal Pari Street / Muthamzhi Nagar: Rs 1,980 per sq.ft (2024)
• Valliammai Street, Nehru Nagar: Rs 1,980 per sq.ft (2024)
• Valliamman Street / Lord Srinivasa Colony: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Vallalar Street / Sathya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vallalar Street / Sathya Nagar?

The Vallalar Street / Sathya Nagar area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is an important factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Vallalar Street / Sathya Nagar?

The current guideline value of Vallalar Street / Sathya Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 153 per sq.ft to Rs 1,980 per sq.ft in 2024, representing an overall increase of 1194%.

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

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles property registration for Vallalar Street / Sathya Nagar?

The Pammal Sub Registrar Office handles property registration for Vallalar Street / Sathya Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What other streets have the same guideline value in Pammal?

Other streets in Pammal that share the same guideline value of Rs 1,980 per sq.ft include Vallalar Street / Pasumpon Nagar, Vallalar Street, Gandhi Nagar Ext, Vallal Pari Street, Muthamiaz Nagar, Vallal Pari Street / Muthamzhi Nagar, Valliammai Street, Nehru Nagar, and Valliamman Street / Lord Srinivasa Colony.