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 Ninna Karai village under the Chengleput Joint II SRO, and the land classification is 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. Starting from the 2012 revision, the value was set at Rs 1,600 per sq.ft. It then decreased to Rs 1,072 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,600 per sq.ft, reflecting a rise of 49%. The latest revision in 2024 has further increased the guideline value to Rs 1,760 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,500 per sq.ft. The median value in this village is Rs 1,100 per sq.ft, placing Vallal Adhiyaman Street's 2024 figure above that median.

• Valayapathi Street (Ward -8): Rs 1,321 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 1,321 per sq.ft (2024)
• Vallal Kaari Street (Ward -4): Rs 1,321 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, bringing the total cost for these fees to Rs 1,58,400. 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 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 Ninna Karai

The guideline value plays a crucial role in the registration process when buying or selling property in Ninna Karai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for legal purposes.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

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 from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then back to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What is the land classification for Vallal Adhiyaman Street (Ward -4)?

The land classification for Vallal Adhiyaman Street (Ward -4) is Residential Special Type - III.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Vallal Adhiyaman Street (Ward -4)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 17,60,000, the stamp duty at 7% would be Rs 1,23,200.