Guideline Value for Vallalar Street Lane

Vallalar Street Lane guideline value

The current guideline value of Vallalar Street Lane is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village, under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Vallalar Street Lane has changed

In the 2007 revision, the guideline value was Rs 320 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in 2012, marking a rise of 275%. However, in the 2017 revision, the value decreased to Rs 804 per sq.ft, a drop of 33%. The value then rose to Rs 1,200 per sq.ft in 2023, followed by a further increase to Rs 1,320 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 313%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Vallalar Street Lane's 2024 figure above this median.

• Vallalar Street: Rs 1,650 per sq.ft (2024)
• Vallalpari Street: Rs 1,100 per sq.ft (2024)
• Valluvarpuram: Rs 1,100 per sq.ft (2024)
• Vaishnavi Nagar: Rs 1,650 per sq.ft (2024)
• Vanjinathan Street: Rs 1,650 per sq.ft (2024)
• U.V Saminthaiyyer Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Vallalar Street Lane

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. 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 Lane?

The Vallalar Street Lane is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruvallur. It provides a benchmark for the minimum value at which properties can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees. It is essential for both buyers and sellers to be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Vallalar Street Lane?

The current guideline value of Vallalar Street Lane is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased significantly from Rs 320 per sq.ft to Rs 1,320 per sq.ft in 2024, marking an overall increase of 313%.

What are the other streets in Thiruvallur with their guideline values?

Other streets in Thiruvallur include Vallalar Street at Rs 1,650 per sq.ft, Vallalpari Street and Valluvarpuram both at Rs 1,100 per sq.ft, and Vaishnavi Nagar and Vanjinathan Street both at Rs 1,650 per sq.ft.

Where can I find the registration office for Vallalar Street Lane?

The registration office for Vallalar Street Lane is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in Vallalar Street Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 at 7%.