Guideline Value for Vallalar Street

Vallalar Street guideline value

The current guideline value of Vallalar Street in Agaramthen village, under the Tambaram Joint 1 SRO, is Rs 830 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Class I Type - II.

How the guideline value of Vallalar Street has changed

The guideline value for Vallalar Street has undergone several revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 750 per sq.ft. This was followed by a decrease to Rs 502 per sq.ft in 2017. In 2023, the value increased to Rs 750 per sq.ft, and the most recent revision in 2024 set the value at Rs 830 per sq.ft, marking an increase of 11% from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. However, from 2012 to 2017, the value saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 11%. It is important to note that there are no recorded figures for Vallalar Street in the revisions of 2002, 2003, and 2007.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with the 2024 guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value for these streets is Rs 830 per sq.ft, which is equal to the current value of Vallalar Street.

• Valmiki Street: Rs 830 per sq.ft (2024)
• T.V.Srinivasan Street: Rs 830 per sq.ft (2024)
• T.V.Lakshmipathi Street: Rs 830 per sq.ft (2024)
• Tiana Sky City Extension -III: Rs 3,450 per sq.ft (2024)
• Tiana Sky City Extension II - EGK Street: Rs 2,310 per sq.ft (2024)
• Tiana Sky City Extension-I: Rs 3,500 per sq.ft (2024)

Stamp duty and registration fee for property in Vallalar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value amounts to Rs 8,30,000. The stamp duty at 7% would be Rs 58,100, and the registration fee at 2% would be Rs 16,600, resulting in a total of Rs 74,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vallalar Street?

The Vallalar Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Agaramthen. It is used to determine the stamp duty and registration fees applicable to the property, ensuring that the fees are calculated based on the official rates set by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and compliance with the legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Vallalar Street?

The current guideline value of Vallalar Street is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024.

What is the land classification for Vallalar Street?

The land classification for Vallalar Street is Residential Class I Type - II.

What are the stamp duty and registration fees for a property in Vallalar Street?

For a property valued at Rs 8,30,000, the stamp duty is Rs 58,100 and the registration fee is Rs 16,600, totaling Rs 74,700.

Where can I find the Sub Registrar Office for Vallalar Street?

The Sub Registrar Office covering Vallalar Street is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.