Guideline Value for ABODE VALLEY KAKKAN STREET (WARD-20)

Abode Valley Kakkan Street (Ward-20) guideline value

The current guideline value of Abode Valley Kakkan Street (Ward-20) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Vallancheri village and falls under the Chengleput Joint II SRO, with a land classification of Residential Class I Type - I.

How the guideline value of Abode Valley Kakkan Street (Ward-20) has changed

The guideline value for Abode Valley Kakkan Street has undergone several revisions over the years. In 2012, the guideline value was Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and further rose to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a 10% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vallancheri

In Vallancheri village, there are 134 streets under the Chengleput Joint II SRO that carry a guideline value for 2024, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, placing Abode Valley Kakkan Street's 2024 figure above this median.

• Ambedkar Street Thailavaram (Ward-21): Rs 660 per sq.ft (2024)
• Ambedkar Street (Ward -1): Rs 660 per sq.ft (2024)
• Ambedkar Street (Ward -20): Rs 880 per sq.ft (2024)
• Amman Koil Street (Ward-20): Rs 880 per sq.ft (2024)
• Annai Indra Street (Ward-21): Rs 660 per sq.ft (2024)
• Annai Therasha Street (Ward-20): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Abode Valley Kakkan Street (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. It is important to note that the stamp duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Abode Valley Kakkan Street (Ward-20)?

The Sub Registrar Office that covers Abode Valley Kakkan Street (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Vallancheri

The guideline value is a crucial factor during the registration process when buying or selling property in Vallancheri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately and legally.

When a property is registered, the guideline value is used to determine the applicable charges, which are based on the higher of the guideline value or the sale price. This ensures transparency and compliance with local regulations in property transactions.

Frequently asked questions

What is the current guideline value of Abode Valley Kakkan Street (Ward-20)?

The current guideline value of Abode Valley Kakkan Street (Ward-20) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the median guideline value for streets in Vallancheri?

The median guideline value for the 134 streets in Vallancheri under the Chengleput Joint II SRO is Rs 825 per sq.ft, with Abode Valley Kakkan Street's 2024 figure being above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations for Abode Valley Kakkan Street?

The Chengleput Joint II Sub Registrar Office handles property registrations for Abode Valley Kakkan Street (Ward-20), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.