Guideline Value for Vayalur Road

Vayalur Road guideline value

The current guideline value of Vayalur Road in Thodukadu village is Rs 300 per sq.ft, effective from 1 July 2024. This property falls under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Vayalur Road has changed

The guideline value for Vayalur Road has seen several revisions over the years. In the 2012 revision, the value was set at Rs 300 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. However, the 2023 revision brought it back to Rs 300 per sq.ft, which was maintained in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2012 to 2024 shows no increase, with the value remaining at Rs 300 per sq.ft during that period. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thodukadu

In Thodukadu village, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,250 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value of Vayalur Road is below this median.

• Usha Nagar: Rs 300 per sq.ft (2024)
• Thiruvallur Main Road: Rs 500 per sq.ft (2024)
• Sri Nagar: Rs 400 per sq.ft (2024)
• Sri Ashok Nagar: Rs 500 per sq.ft (2024)
• Purushothaman Avenue: Rs 300 per sq.ft (2024)
• Pari Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Vayalur Road

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. 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 Vayalur Road?

The Vayalur Road falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thodukadu. It is used to determine the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Vayalur Road?

The current guideline value of Vayalur Road is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a drop to Rs 201 per sq.ft in 2017, which was then increased back to Rs 300 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for Vayalur Road?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 27,000.

Which office handles registrations for Vayalur Road?

The Sriperumpudur Sub Registrar Office handles registrations for Vayalur Road, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the land classification for Vayalur Road?

Vayalur Road is classified as Residential Class I Type - I, indicating its suitability for residential development.