Guideline Value for Valluvar Gurukulam South Street

Valluvar Gurukulam South Street guideline value

The current guideline value of Valluvar Gurukulam South Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - II.

How the guideline value of Valluvar Gurukulam South Street has changed

In the 2007 revision, the guideline value was Rs 1,200 per sq.ft. This increased to Rs 1,500 per sq.ft in the 2012 revision, marking a 25% rise. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. The value then increased significantly to Rs 1,500 per sq.ft in the 2023 revision, a rise of 49%. The current guideline value of Rs 1,650 per sq.ft in the 2024 revision represents a 10% increase from the previous year.

Notably, the register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 38%.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft. The median value is Rs 1,650 per sq.ft, which is equal to the current guideline value of Valluvar Gurukulam South Street.

• Vaigai Street: Rs 1,100 per sq.ft (2024)
• T.P. Sanatorium Ist Main Road: Rs 1,650 per sq.ft (2024)
• Tnhb: Rs 1,100 per sq.ft (2024)
• Thomas West Street: Rs 1,650 per sq.ft (2024)
• Thomas Street: Rs 3,300 per sq.ft (2024)
• Thomas South Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Valluvar Gurukulam South Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 Valluvar Gurukulam South Street?

The Sub Registrar Office that covers Valluvar Gurukulam South Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the property registration process in Kadaperi. It serves as the basis for calculating stamp duty and registration fees, ensuring that transactions are recorded accurately and transparently.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures that the government receives appropriate revenue from property transactions, which is vital for local development and infrastructure.

Frequently asked questions

What is the current guideline value of Valluvar Gurukulam South Street?

The current guideline value of Valluvar Gurukulam South Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 1,200 per sq.ft in 2007, increasing to Rs 1,500 in 2012, dropping to Rs 1,005 in 2017, rising to Rs 1,500 in 2023, and finally reaching Rs 1,650 in 2024.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500. Duty is charged on the higher of the guideline value or the sale price.

Which registration office covers Valluvar Gurukulam South Street?

The Tambaram Joint 1 Sub Registrar Office covers Valluvar Gurukulam South Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Valluvar Gurukulam South Street?

Valluvar Gurukulam South Street is classified as Residential Class I Type - II, indicating its suitability for residential development and use.