Guideline Value for Valliyammai Achi Road

Valliyammai Achi Road guideline value

The current guideline value of Valliyammai Achi Road is Rs 11,000 per sq.ft, effective from 1 July 2024. This road is located in Kottur village, under the Adayar SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Valliyammai Achi Road has changed

Over the years, the guideline value of Valliyammai Achi Road has seen several revisions. The earliest recorded revision was in 2012, where the guideline value was Rs 10,000 per sq.ft. This figure was then revised to Rs 6,700 per sq.ft in 2017, marking a decrease of 33%. However, the value increased significantly to Rs 10,000 per sq.ft in 2023, and further rose to Rs 11,000 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kottur

Kottur village has a total of 114 streets under the Adayar SRO, with guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 6,100 per sq.ft, placing Valliyammai Achi Road's 2024 figure above that median.

• Upparpalayam Anna Street: Rs 5,000 per sq.ft (2024)
• Thulukkanathamman Koil Street: Rs 5,000 per sq.ft (2024)
• Thiruvengadam Street: Rs 8,800 per sq.ft (2024)
• Thiruvalluvar Nagar 4th Street: Rs 5,000 per sq.ft (2024)
• Thiruvalluvar Nagar 3rd Street: Rs 5,000 per sq.ft (2024)
• Thiruvalluvar Nagar 2nd Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Valliyammai Achi Road

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total fees to Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Valliyammai Achi Road?

The Sub Registrar Office that covers Valliyammai Achi Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kottur. It is the basis for calculating the stamp duty and registration fees that are required when buying or selling property.

When a property is sold, the buyer must pay the stamp duty on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Valliyammai Achi Road?

The current guideline value of Valliyammai Achi Road is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 10,000 per sq.ft in 2012 to Rs 6,700 per sq.ft in 2017, then to Rs 10,000 per sq.ft in 2023, and finally to Rs 11,000 per sq.ft in 2024.

What are the guideline values for other streets in Kottur?

Other streets in Kottur have varying guideline values, ranging from Rs 3,300 to Rs 15,400 per sq.ft, with a median of Rs 6,100 per sq.ft.

What are the stamp duty rates for property in Valliyammai Achi Road?

The stamp duty for property transactions in Valliyammai Achi Road is charged at a rate of 7% on the higher of the guideline value or the sale price.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.