Guideline Value for Valliammai Street

Valliammai Street guideline value

The current guideline value of Valliammai Street is Rs 1,500 per sq.ft, as per the 2023 revision. This street is located in Urapakkam village under the Gooduvancheri SRO, and the land classification is Residential Special Type - II.

How the guideline value of Valliammai Street has changed

Over the years, the guideline value of Valliammai Street has seen significant changes. In the 2007 revision, the value was set at Rs 550 per sq.ft, which increased dramatically to Rs 1,500 per sq.ft in the 2012 revision. However, this value remained unchanged in the 2012 to 2017 period, where it dropped to Rs 1,005 per sq.ft. The most recent revision in 2023 saw a substantial increase to Rs 1,500 per sq.ft again.

From the 2017 to 2023 revision, there was a notable increase of 49%. The overall change from 2007 to 2023 reflects a significant increase of 173%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. Valliammai Street is one of the streets under the Gooduvancheri SRO. The other streets in Urapakkam are not provided in the available data.

Stamp duty and registration fee for property in Valliammai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, leading to a total of Rs 1,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Valliammai Street?

The Sub Registrar Office that covers Valliammai Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Urapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. During the registration process, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the sale price must be equal to or higher than the guideline value. If the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Valliammai Street?

The current guideline value of Valliammai Street is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What is the stamp duty rate for property in Valliammai Street?

The stamp duty for property in Valliammai Street is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum price for property registration and is essential for calculating stamp duty and registration fees. It ensures that the transaction is valued appropriately for government revenue purposes.