Guideline Value for Vallalar Street

Vallalar Street guideline value

The current guideline value of Vallalar Street in Ammayarkuppam village is Rs 241 per sq.ft, effective from 1 July 2024. This property falls under the Ramakrishna Rajupettai SRO and is classified as Residential Class II Type - I.

How the guideline value of Vallalar Street has changed

Since the 2007 revision, the guideline value for Vallalar Street has seen significant changes. In 2007, the value was Rs 75 per sq.ft, which increased to Rs 240 per sq.ft in 2012. However, this figure dropped to Rs 161 per sq.ft in 2017. The most recent revisions show that the value remained at Rs 241 per sq.ft in both 2023 and 2024. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 50%, and from 2012 to 2017, it decreased by 33%. Notably, there was a substantial increase of 220% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 221%.

Guideline values in Ammayarkuppam

Ammayarkuppam has 43 streets under the Ramakrishna Rajupettai SRO, with guideline values ranging from Rs 150 to Rs 260 per sq.ft. The median guideline value in this village is Rs 260 per sq.ft, placing Vallalar Street's 2024 figure below this median.

• Vannarapettai St: Rs 260 per sq.ft (2024)
• Thiruvalluvar St: Rs 260 per sq.ft (2024)
• Thirugnana Sambanthar St: Rs 260 per sq.ft (2024)
• V.O.C. Street: Rs 260 per sq.ft (2024)
• Subramaniya Swamy Koil St: Rs 260 per sq.ft (2024)
• Sri Balaji Nagar: Rs 260 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 241 per sq.ft, the total guideline value amounts to Rs 2,41,000. The stamp duty at 7% would be Rs 16,870, and the registration fee at 2% would be Rs 4,820, bringing the total to Rs 21,690. 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 Sub Registrar Office that covers Vallalar Street is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Ammayarkuppam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps establish a fair price for the transaction. Buyers and sellers must consider this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vallalar Street?

The current guideline value of Vallalar Street is Rs 241 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2007 to Rs 241 per sq.ft in 2024, reflecting an overall increase of 221% over this period.

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

For a property valued at Rs 2,41,000, the stamp duty is Rs 16,870 and the registration fee is Rs 4,820, totaling Rs 21,690.

Which office handles property registration for Vallalar Street?

The Ramakrishna Rajupettai Sub Registrar Office handles property registration for Vallalar Street, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

What is the land classification for Vallalar Street?

Vallalar Street is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.