Guideline Value for Valluvar Street

Valluvar Street guideline value

The current guideline value of Valluvar Street in Maathoor village is Rs 500 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Special Type - III.

How the guideline value of Valluvar Street has changed

The guideline value for Valluvar Street has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 500 per sq.ft. The 2017 revision recorded a lower value of Rs 335 per sq.ft, indicating a decrease of 33% from the 2012 figure. The most significant change occurred between the 2017 and 2023 revisions, where the value increased by 49% to return to Rs 500 per sq.ft.

For the years 2002, 2003, and 2007, the register has no figure for Valluvar Street. As of the 2024 revision, the guideline value remains at Rs 500 per sq.ft, showing no change from the previous year.

Guideline values in Maathoor

In Maathoor, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 2,687 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Valluvar Street at the median value for 2024.

• Town House Phase-II @ Temple Green: Rs 1,000 per sq.ft (2024)
• Venkateshwara Nagar: Rs 250 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 250 per sq.ft (2024)
• VGP Jayanthi Town: Rs 400 per sq.ft (2024)
• VGP Jayanthi Town Part-I: Rs 400 per sq.ft (2024)
• V.O.C Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Valluvar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Valluvar Street?

The Sub Registrar Office that covers Valluvar Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Maathoor. It serves as a baseline for determining the stamp duty and registration fees that must be paid during the transaction.

When registering a property, the guideline value is used to assess the applicable fees, ensuring that all transactions are conducted fairly and transparently according to the established rates.

Frequently asked questions

What is the current guideline value of Valluvar Street?

The current guideline value of Valluvar Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value for Valluvar Street has seen various revisions, with the most recent being Rs 500 per sq.ft in both 2023 and 2024. The value was Rs 335 per sq.ft in 2017, indicating a significant increase of 49% by 2023.

What are the guideline values of other streets in Maathoor?

In Maathoor, other streets have varying guideline values ranging from Rs 250 to Rs 1,000 per sq.ft. Notably, V.O.C Street is also valued at Rs 500 per sq.ft in 2024.

What fees are associated with property transactions on Valluvar Street?

For property transactions on Valluvar Street, the total fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft property would incur a total fee of Rs 45,000.

Where can I find the Sub Registrar Office for Valluvar Street?

The Sub Registrar Office covering Valluvar Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more information about your SRO online.