Guideline Value for Vallalar Street

Vallalar Street guideline value

The current guideline value of Vallalar Street, located in Thiruvallur village under the Tiruvallur Joint 1 SRO, is Rs 1,650 per sq.ft, effective from July 1, 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Vallalar Street has changed

The guideline value for Vallalar Street has seen significant changes over the years. In 2007, the value was Rs 320 per sq.ft, which increased dramatically to Rs 1,500 per sq.ft in 2012, marking a rise of 369%. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, a drop of 33%. The value then increased to Rs 1,500 per sq.ft in the 2023 revision, reflecting a 49% rise. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, a 10% increase from the previous year.

There are no figures available for Vallalar Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 416%.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with a median value of Rs 1,100 per sq.ft. Vallalar Street's guideline value of Rs 1,650 per sq.ft is above this median.

• Vallalar Street Lane: Rs 1,320 per sq.ft (2024)
• Vallalpari Street: Rs 1,100 per sq.ft (2024)
• Vaishnavi Nagar: Rs 1,650 per sq.ft (2024)
• Valluvarpuram: Rs 1,100 per sq.ft (2024)
• U.V Saminthaiyyer Street: Rs 1,100 per sq.ft (2024)
• Vanjinathan Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Vallalar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Please note that 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?

The Vallalar Street falls under 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 more information.

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

The guideline value is a critical factor in the registration of property transactions in Thiruvallur. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the property registration process.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the government receives the correct revenue based on the property's assessed value. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Vallalar Street?

The current guideline value of Vallalar Street is Rs 1,650 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 320 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 416% over this period.

What is the median guideline value in Thiruvallur?

The median guideline value in Thiruvallur is Rs 1,100 per sq.ft, with Vallalar Street's value being above this median at Rs 1,650 per sq.ft.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles the registration for Vallalar Street?

The registration for Vallalar Street is handled by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.