Guideline Value for Valluvar Street

Valluvar Street guideline value

The current guideline value of Valluvar Street, located in Pulikoradu village under the Tambaram Joint 1 SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - III land classification.

How the guideline value of Valluvar Street has changed

The guideline value for Valluvar Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 300 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a 167% rise. However, it then decreased to Rs 536 per sq.ft in 2017, reflecting a decline of 33%. The value climbed again to Rs 800 per sq.ft in 2023, followed by a further increase to Rs 880 per sq.ft in 2024, which is a 10% rise from the previous year.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a substantial increase of 193%. It is important to note that there are no recorded figures for Valluvar Street in the years 2002 and 2003.

Guideline values in Pulikoradu

In Pulikoradu village, there are 62 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 880 per sq.ft, which is equal to the current guideline value of Valluvar Street.

• Vaigai Street: Rs 880 per sq.ft (2024)
• Thiruvalluvar Street: Rs 880 per sq.ft (2024)
• Thiruneermalai Road: Rs 2,750 per sq.ft (2024)
• Visalakshi Nagar: Rs 880 per sq.ft (2024)
• Sri Pasumpon Nagar: Rs 2,200 per sq.ft (2024)
• Sri Marudhi Avenue: Rs 1,100 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 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that stamp 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 Street?

The Sub Registrar Office that covers Valluvar 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 more details.

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

The guideline value is a crucial factor in property transactions in Pulikoradu. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay when registering a property. This value is determined by the government and is updated periodically to reflect changes in the real estate market.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall cost of the transaction. Buyers should ensure they are informed about the guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Valluvar Street?

The current guideline value of Valluvar Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

What are the stamp duty and registration fees for properties in Valluvar Street?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles the registration of properties in Valluvar Street?

The registration of properties in Valluvar Street is handled by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the guideline value determined?

The guideline value is determined by the government and is updated periodically based on various factors, including changes in the real estate market and land classification.