Guideline Value for VALLAL ADHIYAMAN STREET (WARD -4)

Vallal Adhiyaman Street (Ward -4) guideline value

The current guideline value of Vallal Adhiyaman Street (Ward -4) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village under the Chengleput Joint II SRO, classified as Residential Special Type - III.

How the guideline value of Vallal Adhiyaman Street (Ward -4) has changed

The guideline value for Vallal Adhiyaman Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which was followed by a decrease to Rs 1,072 per sq.ft in the 2017 revision. However, the value saw a significant increase to Rs 1,600 per sq.ft in 2023, before reaching the current rate of Rs 1,760 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%. The 2023 to 2024 revision reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in the village is Rs 1,100 per sq.ft, placing Vallal Adhiyaman Street's 2024 figure above this median.

• Valayapathi Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Valamana Munivar Street (Kr): Rs 660 per sq.ft (2024)
• Vallalar Street (Ward -7): Rs 1,760 per sq.ft (2024)
• Vallal Began Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Vallal Kaari Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Vallal Kumanan Street (Ward -6): Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Vallal Adhiyaman Street (Ward -4)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, totaling Rs 1,58,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vallal Adhiyaman Street (Ward -4)?

The Sub Registrar Office that covers Vallal Adhiyaman Street (Ward -4) 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 Kattankollatur

The guideline value plays a crucial role during property registration in Kattankollatur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Vallal Adhiyaman Street (Ward -4)?

The current guideline value of Vallal Adhiyaman Street (Ward -4) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 1,600 per sq.ft in 2023 to Rs 1,760 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification of Vallal Adhiyaman Street?

Vallal Adhiyaman Street is classified as Residential Special Type - III, indicating its suitability for residential purposes.

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

The Sub Registrar Office covering Vallal Adhiyaman Street (Ward -4) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Vallal Adhiyaman Street?

Stamp duty for properties in Vallal Adhiyaman 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 would incur a total stamp duty of Rs 1,23,200.