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 Sattamangalam 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 earliest recorded figure is from 2012, where the guideline value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The most recent revision in 2023 set the value at Rs 1,200 per sq.ft, which then increased to Rs 1,320 per sq.ft in 2024, marking a 10% rise from the previous year. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

It is important to note that there are no recorded figures for Vallal Began Street in the years 2002, 2003, and 2007. The changes between the revisions are significant; from 2017 to 2023, the value increased by 49%, while the drop from 2012 to 2017 was 33%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Vallal Began Street (Ward -6) above that median at Rs 1,320 per sq.ft.

• 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 would be Rs 13,20,000. The stamp duty, charged at 7%, would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400. The total fees together would be Rs 1,18,800. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

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. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Sattamangalam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the government records.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall costs associated with property transactions. Proper understanding of these values helps in making informed decisions during the buying or selling process.

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 of 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 Sattamangalam with their guideline values?

Other streets in Sattamangalam include Vallalar Street (Ward -7) at Rs 1,760 per sq.ft, Vallal Kaari Street (Ward -4) at Rs 1,320 per sq.ft, Vallal Kumanan Street (Ward -6) at Rs 1,760 per sq.ft, Vallal Mgr Street (Ward -4) at Rs 1,760 per sq.ft, Vallal Ori Cross Street (Ward -4) at Rs 1,320 per sq.ft, and Vallal Ori Street (Ward -4) at Rs 1,760 per sq.ft.

Where is the Chengleput Joint II Sub Registrar Office located?

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