Guideline Value for Vayaloor Road

Vayaloor Road guideline value

The current guideline value of Vayaloor Road is Rs 150 per sq.ft, effective from 1 July 2024. This road is located in Ulunthai village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Vayaloor Road has changed

The guideline value for Vayaloor Road has undergone several revisions over the years. In 2012, the value was set at Rs 150 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased by 50% to Rs 150 per sq.ft. The 2024 revision maintained this rate at Rs 150 per sq.ft, resulting in no change from the previous year.

It is important to note that there are no figures available for Vayaloor Road in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained at Rs 150 per sq.ft.

Guideline values in Ulunthai

In Ulunthai village, there are 27 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 426 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, placing Vayaloor Road at this same median value.

• Vadukar Colony: Rs 150 per sq.ft (2024)
• udaiyar Street: Rs 150 per sq.ft (2024)
• Vinayagar Kovil Street: Rs 150 per sq.ft (2024)
• Swathi Nagar Phase I-IV: Rs 350 per sq.ft (2024)
• Swathi Land: Rs 426 per sq.ft (2024)
• SriMathi Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Vayaloor Road

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees together to Rs 13,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vayaloor Road?

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

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Ulunthai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and fairly.

When buying or selling property, the guideline value will influence the stamp duty and registration fees that are applicable. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Vayaloor Road?

The current guideline value of Vayaloor Road is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with a decrease to Rs 100 per sq.ft in 2017, followed by an increase back to Rs 150 per sq.ft in 2023 and 2024.

What are the other streets in Ulunthai with their guideline values?

Other streets in Ulunthai include Vadukar Colony, udaiyar Street, Vinayagar Kovil Street, Swathi Nagar Phase I-IV, Swathi Land, and SriMathi Nagar, with values ranging from Rs 150 to Rs 426 per sq.ft.

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

For a 1,000 sq.ft plot, the guideline value is Rs 1,50,000. The stamp duty at 7% is Rs 10,500, and the registration fee at 2% is Rs 3,000, totaling Rs 13,500.

Where is the Sub Registrar Office for Vayaloor Road?

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