Guideline Value for Vayaloor North Street

Vayaloor North Street guideline value

The current guideline value of Vayaloor North Street is Rs 126 per sq.ft, effective from 1 July 2024. This street is located in Vayaloor village, under the Sunguvarchattram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Vayaloor North Street has changed

The guideline value for Vayaloor North Street has seen several revisions over the years. The 2012 revision set the value at Rs 125 per sq.ft, which then decreased to Rs 84 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 126 per sq.ft in both the 2023 and 2024 revisions, showing a 50% increase from 2017 to 2023, but no change from 2023 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 1%.

Guideline values in Vayaloor

In Vayaloor village, there are 18 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 105 to Rs 155 per sq.ft. The median value for these streets is Rs 105 per sq.ft, making Vayaloor North Street's value of Rs 126 per sq.ft above the median.

• Vayaloor South Street: Rs 126 per sq.ft (2024)
• Utchimedu: Rs 105 per sq.ft (2024)
• Surakapuram Perumal Kovil Street: Rs 105 per sq.ft (2024)
• Surakapuram Nadu Street: Rs 105 per sq.ft (2024)
• Surakapuram Melandai Street: Rs 105 per sq.ft (2024)
• Surakapuram irular Colony: Rs 105 per sq.ft (2024)

Stamp duty and registration fee for property in Vayaloor North Street

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value would be Rs 1,26,000. The stamp duty at 7% would amount to Rs 8,820, and the registration fee at 2% would be Rs 2,520, bringing the total charges to Rs 11,340. Please 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 Vayaloor North Street?

The Sub Registrar Office that covers Vayaloor North Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Vayaloor, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees that are applicable during the transaction.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations and to understand the financial implications of the property transaction.

Frequently asked questions

What is the current guideline value of Vayaloor North Street?

The current guideline value of Vayaloor North Street is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2012 to Rs 84 per sq.ft in 2017, then increased to Rs 126 per sq.ft in both 2023 and 2024. There were no figures available for the years 2002, 2003, and 2007.

What are the other streets in Vayaloor and their guideline values?

Other streets in Vayaloor include Vayaloor South Street at Rs 126 per sq.ft, and various streets at Rs 105 per sq.ft. The guideline values range from Rs 105 to Rs 155 per sq.ft in the village.

What are the stamp duty and registration fees for property in Vayaloor North Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,26,000. The stamp duty at 7% is Rs 8,820, and the registration fee at 2% is Rs 2,520, totaling Rs 11,340.

Which Sub Registrar Office should I visit for transactions in Vayaloor North Street?

The Sunguvarchattram Sub Registrar Office covers Vayaloor North Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.