Guideline Value for Valluvar Street

Valluvar Street guideline value

The current guideline value of Valluvar Street, located in Kodungaiyur village under the Madhavaram SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Valluvar Street has changed

The guideline value register for Valluvar Street shows no figures for the revisions in the years 2002, 2003, 2007, 2012, 2017, and 2023. The latest revision in 2024 sets the guideline value at Rs 2,700 per sq.ft.

There have been no changes in the guideline value for Valluvar Street between the revisions listed above. The current 2024 figure aligns with the median guideline value for streets in Kodungaiyur.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is the same as the 2024 figure for Valluvar Street.

• Valluvar Street (Krishnamoorthy Nagar): Rs 2,700 per sq.ft (2024)
• Valluvar Cross Street: Rs 2,200 per sq.ft (2024)
• Valmiki Street: Rs 2,200 per sq.ft (2024)
• Vanchinathan Street (Krishnamoorthy Nagar): Rs 2,700 per sq.ft (2024)
• Vanchinathan Street (Vivekanandha Nagar): Rs 2,700 per sq.ft (2024)
• Varalakshmi Nagar: Rs 2,200 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 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty is charged at 7%, resulting in Rs 1,89,000, while the registration fee at 2% amounts to Rs 54,000. Together, the total cost for these fees would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, 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 Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kodungaiyur. It is used to determine the stamp duty and registration fees that must be paid when registering a property. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the registration process.

When a property is bought or sold, the guideline value serves as a benchmark for calculating the applicable fees. It is essential for both parties to understand this value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Valluvar Street?

The current guideline value of Valluvar Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

What land classification does Valluvar Street fall under?

Valluvar Street falls under the Residential Class I Type - I land classification.

Have there been any changes in the guideline value for Valluvar Street?

There have been no changes in the guideline value for Valluvar Street between the revisions listed in the register. The latest revision in 2024 shows a guideline value of Rs 2,700 per sq.ft.

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

For a property valued at Rs 27,00,000, the stamp duty is Rs 1,89,000 and the registration fee is Rs 54,000, totaling Rs 2,43,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

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

The Madhavaram Sub Registrar Office covers Valluvar Street and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more details about your SRO online.