Guideline Value for Valliammai Street

Valliammai Street guideline value

The current guideline value of Valliammai 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, classified as Residential Class II Type - II.

How the guideline value of Valliammai Street has changed

The guideline value for Valliammai Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and then to Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

There are no figures available for the years 2002, 2003, and 2007 in the register for Valliammai Street. The 2023 revision saw a substantial increase of 49% from the 2017 figure, while the 2012 to 2017 revision experienced a decrease of 33%.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO that carry a guideline value for 2024, 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 Street's 2024 figure below the median.

• Valliammai Ist Cross Street: Rs 1,100 per sq.ft (2024)
• Valliammai 2nd Cross 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, leading to a total cost of Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Valliammai Street?

The Sub Registrar Office that covers Valliammai Street is 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 more information.

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

The guideline value is a crucial factor when registering property transactions in Chitlapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation or overvaluation of properties. This helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Valliammai Street?

The current guideline value of Valliammai 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 changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Valliammai Street?

Valliammai Street is classified as Residential Class II Type - II under the Tambaram Joint 1 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 the registration for Valliammai Street?

The registration for Valliammai Street is handled by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.