Guideline Value for Valliammai Nagar

Valliammai Nagar guideline value

The current guideline value of Valliammai Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Valliammai Nagar has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 1,300 per sq.ft, marking an 8% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register does not have figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft as of 2024. The median guideline value in the area is Rs 1,600 per sq.ft, placing Valliammai Nagar's 2024 figure below this median.

• Valliammai Nagar 1st Street (Ward 23): Rs 1,300 per sq.ft (2024)
• Valliammai Nagar 2nd Street (Ward 23): Rs 1,300 per sq.ft (2024)
• Valliammai Nagar 3rd Street (Ward 23): Rs 1,300 per sq.ft (2024)
• Valliammai Nagar Extension: Rs 1,600 per sq.ft (2024)
• Valliammai Nagar, Ponniammanmedu (Ward-23): Rs 1,300 per sq.ft (2024)
• Valluvar Colony: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Valliammai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total Rs 1,17,000. Duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Valliammai Nagar?

The Sub Registrar Office that covers Valliammai Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is used as a reference for determining the minimum value of a property during registration. When buying or selling property in Madhavaram, the guideline value helps in calculating the stamp duty and registration fees that need to be paid.

It is essential to be aware of the guideline value as it can affect the overall cost of the transaction. Buyers and sellers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Valliammai Nagar?

The current guideline value of Valliammai Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 8%. The value remained unchanged from 2012 to 2023.

What is the land classification for Valliammai Nagar?

Valliammai Nagar is classified as Residential Class III Type - I according to the guidelines set by the Madhavaram SRO.

Where can I find information about stamp duty and registration fees?

You can find detailed information about stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles property registrations in Valliammai Nagar?

The Madhavaram Sub Registrar Office handles property registrations in Valliammai Nagar, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.