Guideline Value for Valliammal street

Valliammal street guideline value

The current guideline value of Valliammal street is Rs 13,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Mixed Type - I land.

How the guideline value of Valliammal street has changed

The guideline value for Valliammal street has seen several revisions over the years. In the 2002 revision, the guideline value was Rs 1,360 per sq.ft. This increased to Rs 1,675 per sq.ft in 2003, marking a 23% rise. The value further increased to Rs 3,000 per sq.ft in 2007, reflecting a significant 79% change. In 2012, the value was Rs 12,300 per sq.ft, which was a substantial increase of 310% from the previous revision. However, in 2017, it decreased to Rs 8,241 per sq.ft, showing a decline of 33%.

In 2023, the guideline value rose to Rs 12,300 per sq.ft, and then it increased again to Rs 13,400 per sq.ft in 2024, representing a 9% increase. Overall, from 2002 to 2024, the guideline value has increased by 885%. There are no figures available for revisions in years other than those listed.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO, with guideline values for 2024 ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing Valliammal street's 2024 guideline value above that median.

• Vannanthurai: Rs 3,400 per sq.ft (2024)
• Varadarajalu Street: Rs 7,100 per sq.ft (2024)
• Vadiyanathan street: Rs 4,400 per sq.ft (2024)
• Varadarajaulu Naidu garden: Rs 7,100 per sq.ft (2024)
• Umayal Street: Rs 11,000 per sq.ft (2024)
• Vasu salai: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Valliammal street

For a 1,000 sq.ft plot at the current guideline value of Rs 13,400 per sq.ft, the total guideline value would be Rs 1,34,00,000. The stamp duty, charged at 7%, would amount to Rs 9,38,000, while the registration fee at 2% would be Rs 2,68,000, totaling Rs 12,06,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Valliammal street?

The Sub Registrar Office that covers Valliammal street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Egmore. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value is assessed to ensure that the transaction is recorded accurately. This helps maintain transparency in property dealings and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Valliammal street?

The current guideline value of Valliammal street is Rs 13,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,360 per sq.ft in 2002 to Rs 13,400 per sq.ft in 2024, reflecting an overall increase of 885% over this period.

What is the land classification of Valliammal street?

Valliammal street is classified as Mixed Type - I land under the current guidelines.

Where can I find the registration office for Valliammal street?

The registration office for Valliammal street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Valliammal street?

Stamp duty for properties in Valliammal street is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.