Guideline Value for Valmiki Street / Otteri Extn

Valmiki Street / Otteri Extn guideline value

The current guideline value of Valmiki Street / Otteri Extn is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Valmiki Street / Otteri Extn has changed

Over the years, the guideline value of Valmiki Street / Otteri Extn has seen several revisions. The 2007 revision set the value at Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a 173% rise. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, reflecting a drop of 33% from the previous figure. The most recent revision in 2023 reinstated the guideline value at Rs 1,500 per sq.ft, representing a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. The guideline value of Valmiki Street / Otteri Extn is Rs 1,500 per sq.ft. Below is a list of other streets in Vandalur:

Stamp duty and registration fee for property in Valmiki Street / Otteri Extn

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Valmiki Street / Otteri Extn?

The Valmiki Street / Otteri Extn area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vandalur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must take this value into account when negotiating sale prices to ensure compliance with registration regulations.

When a property is sold, the stamp duty and registration fees are calculated based on the higher of the guideline value or the actual sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Valmiki Street / Otteri Extn?

The current guideline value of Valmiki Street / Otteri Extn is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 550 per sq.ft in 2007, increasing to Rs 1,500 in 2012, dropping to Rs 1,005 in 2017, and finally returning to Rs 1,500 in 2023.

What is the stamp duty rate for properties in Valmiki Street / Otteri Extn?

The stamp duty rate for properties in Valmiki Street / Otteri Extn is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets in Vandalur with guideline values?

Currently, there are no other streets in Vandalur listed with specific guideline values.