Guideline Value for Valliammal Science College (for Women)

Valliammal Science College (for Women) guideline value

The current guideline value for Valliammal Science College (for Women) is Rs 14,800 per sq.ft. It is located in Periakudal village under the AnnaNagar SRO, classified as Commercial Class I Type - II.

How the guideline value of Valliammal Science College (for Women) has changed

The guideline value for Valliammal Science College (for Women) has seen significant changes over the years. The earliest recorded revision is from 2007, with a value of Rs 4,100 per sq.ft. This increased to Rs 13,500 per sq.ft in 2012, marking a 229% rise. However, it then decreased to Rs 9,045 per sq.ft in 2017, which is a 33% drop. The value further increased to Rs 13,500 per sq.ft in 2023, and finally, the current figure is Rs 14,800 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

In summary, from 2007 to 2024, the overall increase in the guideline value is 261%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Periakudal

In Periakudal, there are 101 streets under the AnnaNagar SRO with the 2024 guideline values ranging from Rs 3,300 to Rs 23,553 per sq.ft. The median value for these streets is Rs 11,500 per sq.ft, indicating that the guideline value for Valliammal Science College (for Women) is above this median.

• Valliammal School: 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 Science College (for Women)

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,48,00,000. The stamp duty at 7% would be Rs 10,36,000, and the registration fee at 2% would be Rs 2,96,000, totaling Rs 13,32,000. 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 information.

Which Sub Registrar Office covers Valliammal Science College (for Women)?

The Sub Registrar Office covering Valliammal Science College (for Women) is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Periakudal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property transaction occurs, the guideline value helps in establishing the legal value of the property, which is essential for the registration process. This ensures that both parties are aware of the financial obligations associated with the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value for Valliammal Science College (for Women)?

The current guideline value for Valliammal Science College (for Women) is Rs 14,800 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 4,100 per sq.ft in 2007 to Rs 14,800 per sq.ft in 2024, reflecting an overall increase of 261% over the years.

What is the land classification for Valliammal Science College (for Women)?

The land classification for Valliammal Science College (for Women) is Commercial Class I Type - II.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for property transactions in Periakudal?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty and registration fee of Rs 13,32,000.