Guideline Value for Valliammai Nagar

Valliammai Nagar guideline value

The current guideline value of Valliammai Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village and falls under the Sembiam SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Valliammai Nagar has changed

The guideline value for Valliammai Nagar has seen several revisions over the years. Starting from Rs 305 per sq.ft in 2003, it increased significantly to Rs 900 per sq.ft in 2007, marking a change of +195%. In 2012, the value rose to Rs 2,500 per sq.ft, reflecting an increase of +178%. However, it then decreased to Rs 1,675 per sq.ft in 2017, a drop of -33%. The value continued to rise to Rs 2,500 per sq.ft in 2023, before reaching the current rate of Rs 2,700 per sq.ft in 2024, which is an increase of +8% from the previous year.

The register has no figure for Valliammai Nagar in 2002. Overall, from 2003 to 2024, the guideline value has increased by +785%.

Guideline values in Kolathur

In Kolathur, there are a total of 879 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Valliammai Nagar's 2024 figure below that median.

• Vallavan Nagar: Rs 2,700 per sq.ft (2024)
• Valmiki Street: Rs 2,700 per sq.ft (2024)
• Valmiki Street Extension: Rs 2,700 per sq.ft (2024)
• Valarmathy Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Valarmathy Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Valarmathy Nagar 3rd Street: Rs 2,700 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 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost to Rs 2,43,000. 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Valliammai Nagar?

The Sub Registrar Office that covers Valliammai Nagar is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Valliammai Nagar?

The current guideline value of Valliammai Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 305 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of +785% over this period.

What is the land classification for Valliammai Nagar?

The land classification for Valliammai Nagar is Residential Class II Type - I.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Valliammai Nagar?

Stamp duty for properties in Valliammai Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.