Guideline Value for Valliammal Street (S.V.Nagar)

Valliammal Street (S.V.Nagar) guideline value

The current guideline value of Valliammal Street (S.V.Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Valliammal Street (S.V.Nagar) has changed

The guideline value for Valliammal Street (S.V.Nagar) has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017. Following this, the value increased to Rs 1,500 per sq.ft in 2023, and finally rose to Rs 1,600 per sq.ft in 2024, marking a 7% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 7%.

There are no figures available for Valliammal Street in the revisions from 2002, 2003, and 2007. The changes between the revisions are notable: from 2017 to 2023, there was a significant increase of 49%, while the drop from 2012 to 2017 was 33%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Valliammal Street’s 2024 guideline value of Rs 1,600 per sq.ft is below this median.

• Valluvar Street (S.V.Nagar): Rs 1,600 per sq.ft (2024)
• Vallalar Street (Viyalakshmipuram): Rs 2,400 per sq.ft (2024)
• Valarmathi Street: Rs 1,600 per sq.ft (2024)
• Valarmathi Nagar: Rs 1,600 per sq.ft (2024)
• Vairam Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Vairakulam Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Valliammal Street (S.V.Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that the 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 Valliammal Street (S.V.Nagar)?

The Sub Registrar Office that covers Valliammal Street (S.V.Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Oragadam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the sale price meets or exceeds the guideline value to avoid any issues during the registration process. This ensures compliance with local regulations and proper documentation of the property transfer.

Frequently asked questions

What is the current guideline value of Valliammal Street (S.V.Nagar)?

The current guideline value of Valliammal Street (S.V.Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification for Valliammal Street (S.V.Nagar)?

Valliammal Street (S.V.Nagar) is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Valliammal Street (S.V.Nagar)?

The Sub Registrar Office for Valliammal Street (S.V.Nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Valliammal Street (S.V.Nagar)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000.