Guideline Value for Valliammai Street Chennai 82

Valliammai Street Chennai 82 guideline value

The current guideline value of Valliammai Street Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Residential Class II Type - I.

How the guideline value of Valliammai Street Chennai 82 has changed

The guideline value for Valliammai Street Chennai 82 has undergone several revisions over the years. In 2007, the value was set at Rs 1,200 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 233%. However, the value then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The subsequent revision in 2023 saw the value rise to Rs 4,000 per sq.ft, followed by the current value of Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Ayanavaram

In Ayanavaram, there are 369 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. Valliammai Street Chennai 82's 2024 figure of Rs 4,400 per sq.ft is below this median.

• United India Nagar Ist Main Road: Rs 5,500 per sq.ft (2024)
• United India Nagar Ist cross Street: Rs 5,500 per sq.ft (2024)
• United India Nagar 3rd Main Road: Rs 5,500 per sq.ft (2024)
• United India Nagar 3rd cross Street: Rs 5,500 per sq.ft (2024)
• United India Nagar 2nd Main Road: Rs 5,500 per sq.ft (2024)
• United India Nagar 2nd cross Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Valliammai Street Chennai 82

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. 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 Valliammai Street Chennai 82?

The Sub Registrar Office that covers Valliammai Street Chennai 82 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

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

When a property is registered, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Valliammai Street Chennai 82?

The current guideline value of Valliammai Street Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 267% over the years.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

Where can I find the Sub Registrar Office for Valliammai Street Chennai 82?

The Sub Registrar Office for Valliammai Street Chennai 82 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Valliammai Street Chennai 82?

Valliammai Street Chennai 82 is classified as Residential Class II Type - I, which categorizes it within the residential land use framework.