Guideline Value for Vivekanandan Street (Vallalar Street)

Vivekanandan Street (Vallalar Street) guideline value

The current guideline value of Vivekanandan Street (Vallalar Street) is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Vivekanandan Street (Vallalar Street) has changed

The guideline value for Vivekanandan Street has seen several revisions over the years. The earliest available figure is from 2012, where the value was Rs 2,300 per sq.ft. This was followed by a decrease to Rs 1,541 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 2,300 per sq.ft, and the most recent revision in 2024 set the value at Rs 2,530 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Irumpuliyur

In Irumpuliyur village, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Vivekanandan Street's 2024 figure above that median.

• Vivakanantha Street: Rs 2,530 per sq.ft (2024)
• Viyasar Street: Rs 1,320 per sq.ft (2024)
• Vvs Iyer Street: Rs 2,530 per sq.ft (2024)
• Yamuna Street: Rs 2,200 per sq.ft (2024)
• Yathaval Street: Rs 2,530 per sq.ft (2024)
• Vijayarengan Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Vivekanandan Street (Vallalar Street)

For a 1,000 sq.ft plot at the current rate of Rs 2,530 per sq.ft, the guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, totaling Rs 2,27,700. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vivekanandan Street (Vallalar Street)?

The Sub Registrar Office that covers Vivekanandan Street (Vallalar Street) is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Irumpuliyur. It serves as a basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value provides a reference point for both buyers and sellers. It is crucial to be aware of the current guideline value to understand the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Vivekanandan Street (Vallalar Street)?

The current guideline value of Vivekanandan Street (Vallalar Street) is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then back to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,530 per sq.ft in 2024.

What is the land classification for Vivekanandan Street?

The land classification for Vivekanandan Street (Vallalar Street) is Residential Special Type - I.

What is the median guideline value in Irumpuliyur?

The median guideline value in Irumpuliyur is Rs 2,200 per sq.ft, with Vivekanandan Street's current value being above this median.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Vivekanandan Street (Vallalar Street) is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.