Guideline Value for Valliammai Ist Cross Street

Valliammai Ist Cross Street guideline value

The current guideline value of Valliammai Ist Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Valliammai Ist Cross Street has changed

In the 2012 revision, the guideline value was Rs 1,000 per sq.ft. This figure remained the same until the 2017 revision when it decreased to Rs 670 per sq.ft. The guideline value saw a significant increase in the 2023 revision, rising to Rs 1,000 per sq.ft, and then further increased to Rs 1,100 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value increased by 10%.

Guideline values in Chitlapakkam

Chitlapakkam village has a total of 548 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Valliammai Ist Cross Street's 2024 figure below that median.

• Valliammai 2nd Cross Street: Rs 1,100 per sq.ft (2024)
• Valliammai Street: Rs 1,100 per sq.ft (2024)
• Valluvar Street: Rs 2,750 per sq.ft (2024)
• Valmigi Street: Rs 1,100 per sq.ft (2024)
• Varadhan Street: Rs 1,100 per sq.ft (2024)
• Varadharajan Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Valliammai Ist Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Please note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Valliammai Ist Cross Street?

The Valliammai Ist Cross 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 further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Chitlapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that both the buyer and seller are aware of the financial implications involved in the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Valliammai Ist Cross Street?

The current guideline value of Valliammai Ist Cross 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 seen several revisions: it was Rs 1,000 per sq.ft in 2012, decreased to Rs 670 per sq.ft in 2017, and then increased to Rs 1,000 per sq.ft in 2023 before reaching Rs 1,100 per sq.ft in 2024.

What is the land classification for Valliammai Ist Cross Street?

Valliammai Ist Cross Street is classified under Residential Class II Type - II land classification.

Where can I find the Tambaram Joint 1 SRO?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Valliammai Ist Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.