Guideline Value for Vayaloor South Street

Vayaloor South Street guideline value

The current guideline value of Vayaloor South 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 South Street has changed

The guideline value for Vayaloor South Street has seen several revisions over the years. The 2012 revision recorded a value of Rs 125 per sq.ft, which decreased to Rs 84 per sq.ft in the 2017 revision, marking a 33% drop. However, from 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 126 per sq.ft, which remained unchanged in the 2024 revision.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, there has been a slight increase of 1% in the guideline value.

Guideline values in Vayaloor

In Vayaloor, 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, placing Vayaloor South Street's 2024 figure above that median.

• Vayaloor North 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 South 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, charged at 7%, would amount to Rs 8,820, and the registration fee at 2% would be Rs 2,520. Together, the total fees would be Rs 11,340. 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 detailed calculations.

Which Sub Registrar Office covers Vayaloor South Street?

The Sub Registrar Office that covers Vayaloor South Street 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 information.

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

The guideline value plays a crucial role in property transactions in Vayaloor. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction. This ensures that the fees are based on a standardized value set by the government.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Vayaloor South Street?

The current guideline value of Vayaloor South 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 back to Rs 126 per sq.ft in 2023, remaining the same in 2024.

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

Other streets in Vayaloor include Vayaloor North Street at Rs 126 per sq.ft, and several streets such as Utchimedu, Surakapuram Perumal Kovil Street, Surakapuram Nadu Street, Surakapuram Melandai Street, and Surakapuram irular Colony, all at Rs 105 per sq.ft.

What is the registration fee for property in Vayaloor South Street?

The registration fee for property in Vayaloor South Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 11,340.

Where can I find the Sub Registrar Office for Vayaloor South Street?

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