Guideline Value for Vallalar Street(senthil nagar)

Vallalar Street(senthil nagar) guideline value

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

How the guideline value of Vallalar Street(senthil nagar) has changed

Over the years, the guideline value of Vallalar Street(senthil nagar) has seen significant changes. The 2007 revision recorded a guideline value of Rs 600 per sq.ft, which dramatically increased to Rs 2,200 per sq.ft in the 2012 revision. This value remained unchanged until the 2023 revision, where it increased to Rs 2,200 per sq.ft again. The most recent 2024 revision marked a rise to Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

In summary, the guideline value has grown from Rs 600 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, an overall increase of 300%. Notably, there are no figures available for the years 2002, 2003, and 2017 for this street.

Guideline values in Thirumullaivoyal

Thirumullaivoyal village has a total of 975 streets under the Ambattur SRO, with guideline values 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, which aligns with the current guideline value of Vallalar Street(senthil nagar).

• Vallalar Street (Ward No 7): Rs 2,000 per sq.ft (2024)
• Vallalar Nagar 7th Street: Rs 2,000 per sq.ft (2024)
• 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)

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

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, resulting in a total of Rs 2,16,000. 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(senthil nagar)?

The Sub Registrar Office that covers Vallalar Street(senthil 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 details.

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

The guideline value is a key factor in property transactions in Thirumullaivoyal, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. Understanding these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

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

The current guideline value of Vallalar Street(senthil nagar) 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 a 300% increase overall. The most recent revision was a 9% increase from Rs 2,200 per sq.ft in 2023.

What is the land classification for Vallalar Street(senthil nagar)?

Vallalar Street(senthil nagar) is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Vallalar Street(senthil nagar)?

The Sub Registrar Office for Vallalar Street(senthil nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

What are the stamp duty and registration fees for property transactions?

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. These fees are based on the guideline value or the sale price, whichever is higher.