Guideline Value for Valmiki Sali

Valmiki Sali guideline value

The current guideline value of Valmiki Sali is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO and falls under the Residential Class IV Type - I land classification.

How the guideline value of Valmiki Sali has changed

The guideline value for Valmiki Sali has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 450 per sq.ft. This increased to Rs 900 per sq.ft in the 2012 revision, before dropping to Rs 603 per sq.ft in 2017. The value then rose significantly to Rs 900 per sq.ft in the 2023 revision, and finally reached Rs 950 per sq.ft in the 2024 revision. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

From 2007 to 2024, the overall increase in the guideline value is 111%. The changes between the revisions are as follows: from 2007 to 2012, the value increased by 100%; from 2012 to 2017, it decreased by 33%; from 2017 to 2023, it increased by 49%; and from 2023 to 2024, it rose by 6%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO with a guideline value for 2024 ranging from Rs 850 to Rs 6,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. Valmiki Sali's 2024 guideline value is below this median.

• Vasantham Avenue: Rs 950 per sq.ft (2024)
• Vasantham Nagar: Rs 950 per sq.ft (2024)
• Vasuki Street: Rs 1,600 per sq.ft (2024)
• Vaibhavs Murugan Enclave: Rs 2,700 per sq.ft (2024)
• U.V.Swaminathan Iyer Street: Rs 1,400 per sq.ft (2024)
• Veeramamunivar Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Valmiki Sali

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total to Rs 85,500. 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 details.

Which Sub Registrar Office covers Valmiki Sali?

The Sub Registrar Office that covers Valmiki Sali is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial reference point used during the registration of property transactions in Chembakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

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

Frequently asked questions

What is the current guideline value of Valmiki Sali?

The current guideline value of Valmiki Sali is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 950 per sq.ft in 2024, showing an overall increase of 111% during this period.

What is the land classification of Valmiki Sali?

Valmiki Sali falls under the Residential Class IV Type - I land classification.

Where can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles property registrations in Valmiki Sali?

The Selaiyur Sub Registrar Office handles property registrations for Valmiki Sali. The office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.