Guideline Value for Valliyammai Nagar 3rd Street

Valliyammai Nagar 3rd Street guideline value

The current guideline value of Valliyammai Nagar 3rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Valliyammai Nagar 3rd Street has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent revision in 2024 saw a significant increase to Rs 3,300 per sq.ft, which represents a 64% rise from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with the 2024 guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, which indicates that the guideline value of Valliyammai Nagar 3rd Street is below this median.

• Valliyammai Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Valliyammai Nagar main road: Rs 3,850 per sq.ft (2024)
• Valliyammai Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Valliyammai Nagar: Rs 3,300 per sq.ft (2024)
• Valli Street: Rs 3,300 per sq.ft (2024)
• Vallapa Ganapathy Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Valliyammai Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty, charged at 7%, would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration would be Rs 2,97,000. It’s important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Valliyammai Nagar 3rd Street?

The Valliyammai Nagar 3rd Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

When buying or selling property in Valasaravakkam, the guideline value is a crucial factor during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

The guideline value ensures that property transactions are conducted transparently and fairly, reflecting the official value set by the Registration Department. Buyers and sellers should be aware of the current guideline value to accurately assess their financial obligations during the registration of property.

Frequently asked questions

What is the current guideline value of Valliyammai Nagar 3rd Street?

The current guideline value of Valliyammai Nagar 3rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has fluctuated, starting at Rs 3,000 per sq.ft in 2012, dropping to Rs 2,010 per sq.ft in 2017, and then rising to Rs 3,300 per sq.ft in 2024.

What is the land classification of Valliyammai Nagar 3rd Street?

The land classification for Valliyammai Nagar 3rd Street is Residential Class II Type - II.

Where can I find the Sub Registrar Office for Valliyammai Nagar 3rd Street?

The Sub Registrar Office covering Valliyammai Nagar 3rd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Valliyammai Nagar 3rd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.