Guideline Value for Vallalpari Street

Vallalpari Street guideline value

The current guideline value of Vallalpari Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Vallalpari Street has changed

The guideline value for Vallalpari Street has seen several revisions over the years. In the 2007 revision, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, in the 2017 revision, it dropped to Rs 670 per sq.ft before rising again to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 450%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur village, 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. Vallalpari Street's 2024 figure aligns with this median.

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

Stamp duty and registration fee for property in Vallalpari Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value is Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vallalpari Street?

The Sub Registrar Office that covers Vallalpari Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. 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 crucial factor in property transactions in Thiruvallur. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the property is not undervalued during the registration process.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are based on this value or the sale price, whichever is higher. This ensures transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Vallalpari Street?

The current guideline value of Vallalpari Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 450% over the years.

What is the stamp duty for property in Vallalpari Street?

The stamp duty for property in Vallalpari Street is 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 77,000.

Where is the Sub Registrar Office for Vallalpari Street located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

What is the land classification of Vallalpari Street?

Vallalpari Street is classified as Residential Class I Type - III, indicating its suitability for residential development.