Guideline Value for Valliammal School

Valliammal School guideline value

The current guideline value for Valliammal School, located in Periakudal village under the AnnaNagar SRO, is Rs 14,800 per sq.ft. This value is effective from 1 July 2024 and falls under the Commercial Class I Type - II land classification.

How the guideline value of Valliammal School has changed

The guideline value for Valliammal School has seen significant changes over the years. In 2007, the value was Rs 3,500 per sq.ft, which increased to Rs 13,500 per sq.ft in 2012, marking a substantial rise of 286%. However, from 2012 to 2017, the value decreased by 33% to Rs 9,045 per sq.ft. The guideline value then rose sharply to Rs 13,500 per sq.ft in 2023, an increase of 49% from the previous revision.

As of the 2024 revision, the guideline value has further increased by 10% to Rs 14,800 per sq.ft. This represents an overall increase of 323% from the 2007 figure. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Periakudal

In Periakudal, there are 101 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 23,553 per sq.ft, with a median value of Rs 11,500 per sq.ft. Valliammal School's current guideline value is above this median.

• Valliammal Science College (for Women): Rs 14,800 per sq.ft (2024)
• Thiru Vi Ka Colony: Rs 15,400 per sq.ft (2024)
• V.O.C.Nagar, Main Road, G Block: Rs 12,600 per sq.ft (2024)
• W- Block, 3rd Avenue, C-12 to C-19, S.B. Kalyana Mandapam, D.K. Kalyana Mandapam, TNSC Bank: Rs 15,900 per sq.ft (2024)
• W Block, Streets: Rs 11,500 per sq.ft (2024)
• 2nd Avenue 326 to 335, 995 A Block, B Block, C Block, D Block, E Block, G Block, H Block, I Block: Rs 15,900 per sq.ft (2024)

Stamp duty and registration fee for property in Valliammal School

For a 1,000 sq.ft plot at the current guideline value of Rs 14,800 per sq.ft, the total guideline value would be Rs 1,48,00,000. The stamp duty at 7% would amount to Rs 10,36,000, while the registration fee at 2% would be Rs 2,96,000, bringing the total costs together to Rs 13,32,000. 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 details.

Which Sub Registrar Office covers Valliammal School?

The Valliammal School is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Periakudal. It serves as a benchmark to determine the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately for taxation purposes.

When you buy or sell property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Valliammal School?

The current guideline value for Valliammal School is Rs 14,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,500 per sq.ft in 2007 to Rs 14,800 per sq.ft in 2024, marking an overall increase of 323% over the years.

What is the land classification for Valliammal School?

Valliammal School falls under the Commercial Class I Type - II land classification.

Where can I find the registration office for Valliammal School?

The registration office for Valliammal School is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 13,32,000.