Guideline Value for Vallalar Street

Vallalar Street guideline value

The current guideline value of Vallalar Street, located in Ullagaram village under the Alandur SRO, is Rs 2,800 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Vallalar Street has changed

The guideline value of Vallalar Street has seen significant changes over the years. In 2002, the value was Rs 153 per sq.ft, which increased to Rs 172 per sq.ft in 2003. The next notable revision occurred in 2007, where the value jumped to Rs 1,000 per sq.ft, marking an increase of 481%. In 2012, the value was revised to Rs 2,500 per sq.ft, reflecting a 150% increase from the previous revision. However, in 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The most recent revisions show a steady increase, with the value rising to Rs 2,500 per sq.ft in 2023, followed by a further increase to Rs 2,800 per sq.ft in 2024, which is a 12% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1,730%. There are no figures available for the years between these revisions for Vallalar Street.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that have a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,800 per sq.ft, which means that Vallalar Street's 2024 figure aligns with this median.

• U V Samynathan Street Ext.: Rs 2,800 per sq.ft (2024)
• U V Samynathan Street: Rs 2,800 per sq.ft (2024)
• U V Samynathan 4th Street: Rs 2,800 per sq.ft (2024)
• U V Samynathan 3rd Street: Rs 2,800 per sq.ft (2024)
• U V Samynathan 2nd Street: Rs 2,800 per sq.ft (2024)
• U V Sami nathan Street Extension: Rs 2,800 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 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total cost for these fees to Rs 2,52,000. Please note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vallalar Street?

The Sub Registrar Office that covers Vallalar Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ullagaram. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when finalizing a property sale.

When purchasing or selling property, the guideline value ensures that the transaction is recorded at a standardized value set by the government. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Vallalar Street?

The current guideline value of Vallalar Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 153 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, showing an overall increase of 1,730% over this period.

What are the other streets with the same guideline value in Ullagaram?

Other streets in Ullagaram with the same guideline value of Rs 2,800 per sq.ft include U V Samynathan Street Ext., U V Samynathan Street, U V Samynathan 4th Street, U V Samynathan 3rd Street, U V Samynathan 2nd Street, and U V Sami nathan Street Extension.

What is the registration fee for property in Vallalar Street?

The registration fee for property in Vallalar Street is calculated at 2% of the guideline value. For example, for a plot valued at Rs 28,00,000, the registration fee would be Rs 56,000.

Where is the Sub Registrar Office for Vallalar Street located?

The Sub Registrar Office for Vallalar Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.