Guideline Value for Valmigi street
₹1100/sq.ft.
The guideline value for Valmigi Street in Peerklankaranai village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Peerklankaranai
Village
Tambaram Joint 1
SRO
Residential Class II Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹1100 /sq.ft. |
| From 1-4-2023 | ₹1000 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹670 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹1000 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]
Records for a plot on Valmigi Street
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Tambaram Joint 1 sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Valmigi street guideline value
The current guideline value of Valmigi street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class II Type - I.
How the guideline value of Valmigi street has changed
The guideline value for Valmigi street has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. Following this, the value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% increase since 2017. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, which is a 10% increase from the previous year.
It is important to note that there are no recorded figures for Valmigi street in the revisions from 2002, 2003, and 2007. Overall, from the 2012 to the 2024 revision, the guideline value has increased by 10%.
Guideline values in Peerklankaranai
Peerklankaranai village has a total of 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value range from Rs 880 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, indicating that Valmigi street's 2024 figure is below this median.
- Valayapadhi Street: Rs 1,980 per sq.ft (2024)
- Valayapadhi 4th Cross Street: Rs 1,650 per sq.ft (2024)
- Valayapadhi 3rd Cross Street: Rs 1,650 per sq.ft (2024)
- Valayapadhi 2nd Cross Street: Rs 1,650 per sq.ft (2024)
- Valayapadhi 1st Cross Street: Rs 1,650 per sq.ft (2024)
- Valaiyapathi Extn: Rs 1,650 per sq.ft (2024)
Stamp duty and registration fee for property in Valmigi street
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, while the registration fee at 2% would be Rs 22,000, leading to a total of Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.
For more information, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Valmigi street?
The Sub Registrar Office that covers Valmigi 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 Peerklankaranai
The guideline value is a crucial factor when registering a property in Peerklankaranai. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the transaction process. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations.
When a property is sold, the guideline value helps determine the official value of the property for registration purposes. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.
Frequently asked questions
What is the current guideline value of Valmigi street?
The current guideline value of Valmigi street 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 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.
What are the stamp duty rates for properties on Valmigi street?
The stamp duty for properties on Valmigi street is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.
Which Sub Registrar Office covers the registration for Valmigi street?
The Tambaram Joint 1 Sub Registrar Office covers the registration for Valmigi street, located at No.26, mes Road, East Tambaram, Chennai-600059.
What is the range of guideline values for streets in Peerklankaranai?
The guideline values for streets in Peerklankaranai range from Rs 880 to Rs 4,400 per sq.ft, with a median value of Rs 1,650 per sq.ft.
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