Guideline Value for VALLAL BEGAN STREET (WARD -6)

Vallal Began Street (Ward -6) guideline value

The current guideline value of Vallal Began Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Vallal Began Street (Ward -6) has changed

The guideline value for Vallal Began Street (Ward -6) has seen several revisions over the years. The oldest available revision is from 2012, which recorded a guideline value of Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017, representing a decline of 33%. The value then increased significantly to Rs 1,200 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that have a guideline value for 2024, ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Vallal Began Street's 2024 figure above that median.

• Vallalar Street (Ward -7): Rs 1,760 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)
• Vallal Mgr Street (Ward -4): Rs 1,760 per sq.ft (2024)
• Vallal Ori Cross Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Vallal Ori Street (Ward -4): Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Vallal Began Street (Ward -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vallal Began Street (Ward -6)?

The Sub Registrar Office that covers Vallal Began Street (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Peramanoor. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This ensures transparency and compliance with the regulations set by the government.

Frequently asked questions

What is the current guideline value of Vallal Began Street (Ward -6)?

The current guideline value of Vallal Began Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Vallal Began Street (Ward -6)?

The land classification for Vallal Began Street (Ward -6) is Residential Special Type - V.

What are the other streets in Peramanoor with guideline values?

Other streets in Peramanoor include Vallalar Street (Ward -7) at Rs 1,760 per sq.ft, Vallal Kaari Street (Ward -4) at Rs 1,320 per sq.ft, and Vallal Kumanan Street (Ward -6) at Rs 1,760 per sq.ft, among others.

Where can I find the Sub Registrar Office for Vallal Began Street (Ward -6)?

The Sub Registrar Office for Vallal Began Street (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.