Guideline Value for Valluvarpuram

Valluvarpuram guideline value

The current guideline value of Valluvarpuram is Rs 1,100 per sq.ft, effective from 1 July 2024. This village falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Valluvarpuram has changed

The guideline value of Valluvarpuram has seen several revisions over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, the value then decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, followed by a further increase to Rs 1,100 per sq.ft in 2024, reflecting a 10% rise.

In summary, from the 2007 revision to the 2024 revision, the overall increase in the guideline value is 450%. There are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median value is Rs 1,100 per sq.ft, which is also the current guideline value for Valluvarpuram.

• Vallalpari Street: Rs 1,100 per sq.ft (2024)
• Vallalar Street Lane: Rs 1,320 per sq.ft (2024)
• Vallalar Street: Rs 1,650 per sq.ft (2024)
• Vanjinathan Street: Rs 1,650 per sq.ft (2024)
• Varadharaja Nagar: Rs 680 per sq.ft (2024)
• Vaishnavi Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Valluvarpuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, together totaling Rs 99,000. 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 information.

Which Sub Registrar Office covers Valluvarpuram?

The Sub Registrar Office that covers Valluvarpuram is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Thiruvallur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process.

When a property is bought or sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. Buyers and sellers should be aware of the guideline value to understand their financial obligations during property transactions.

Frequently asked questions

What is the current guideline value of Valluvarpuram?

The current guideline value of Valluvarpuram is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, representing an overall increase of 450% over the years.

What is the registration office for Valluvarpuram?

The registration office for Valluvarpuram is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What are the stamp duty rates applicable in Valluvarpuram?

The stamp duty rate in Valluvarpuram is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator.