Guideline Value for HANDICAPED STREET (WARD-21)

Handicaped Street (Ward-21) guideline value

The current guideline value of Handicaped Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Vallancheri village and falls under the Chengleput Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Handicaped Street (Ward-21) has changed

Handicaped Street (Ward-21) has undergone several revisions in its guideline value over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, marking a 49% change. The latest revision in 2024 shows an increase to Rs 660 per sq.ft, which is a 10% rise from the previous year.

It is important to note that the register has no figures for Handicaped Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value among these streets is Rs 825 per sq.ft, indicating that Handicaped Street's 2024 figure is below this median.

• Gurusamy Street (Ward-21): Rs 660 per sq.ft (2024)
• G.S.T.Road (Ward -1): Rs 2,200 per sq.ft (2024)
• G.S.T Road Thailavaram (Ward-21): Rs 2,200 per sq.ft (2024)
• Gst Road Potheri (Ward-20): Rs 2,200 per sq.ft (2024)
• G.S.T. Road Chamundeeswari (Ward-21): Rs 2,200 per sq.ft (2024)
• Gopula Krishna Nagar (Tai): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Handicaped Street (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. 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 to estimate your costs.

Which Sub Registrar Office covers Handicaped Street (Ward-21)?

The Sub Registrar Office that covers Handicaped Street (Ward-21) 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 when buying or selling property in Vallancheri. It serves as the minimum value for property transactions, ensuring that the property is registered at a value that reflects the official rates set by the government.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Handicaped Street (Ward-21)?

The current guideline value of Handicaped Street (Ward-21) is Rs 660 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 the value increasing from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024. Notably, there was a significant rise from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

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

Other streets in Vallancheri under the Chengleput Joint II SRO include Gurusamy Street at Rs 660 per sq.ft, G.S.T.Road at Rs 2,200 per sq.ft, and Gopula Krishna Nagar at Rs 880 per sq.ft, among others.

What fees are associated with buying property in Handicaped Street (Ward-21)?

When buying property in Handicaped Street (Ward-21), buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Handicaped Street (Ward-21)?

The Sub Registrar Office for Handicaped Street (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.