Guideline Value for Valliyammai Nagar main road

Valliyammai Nagar main road guideline value

The current guideline value of Valliyammai Nagar main road is Rs 3,850 per sq.ft, effective from 1 July 2024. This road is located in Valasaravakkam village, under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Valliyammai Nagar main road has changed

Over the years, the guideline value for Valliyammai Nagar main road has seen several revisions. The 2012 revision set the value at Rs 3,500 per sq.ft, which changed to Rs 2,345 per sq.ft in 2017. This marked a decrease of 33%. However, in the 2024 revision, the value increased significantly to Rs 3,850 per sq.ft, representing a rise of 64% 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 the register does not have figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value is Rs 3,850 per sq.ft, which is equal to the current guideline value for Valliyammai Nagar main road.

• Valliyammai Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Valliyammai Nagar 2nd Street: Rs 3,300 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 main road

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. 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 details.

Which Sub Registrar Office covers Valliyammai Nagar main road?

The Valliyammai Nagar main road is covered by 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

The guideline value is a crucial factor when registering a property in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. It is essential for both buyers and sellers to be aware of this value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Valliyammai Nagar main road?

The current guideline value of Valliyammai Nagar main road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, and then to Rs 3,850 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

What is the land classification for Valliyammai Nagar main road?

The land classification for Valliyammai Nagar main road is Residential Class II Type - I.

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

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

How is the stamp duty calculated for properties in Valliyammai Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 3,46,500.