Guideline Value for VALLAL KAARI STREET (WARD -4)

Vallal Kaari Street (Ward -4) guideline value

The current guideline value of Vallal Kaari Street (Ward -4) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - V.

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

The guideline value for Vallal Kaari Street has undergone several revisions over the years. The register shows that in 2012, the guideline value was Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then further rose to Rs 1,320 per sq.ft in the 2024 revision.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, and then by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 regarding this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 990 per sq.ft. Vallal Kaari Street's 2024 figure of Rs 1,320 per sq.ft is above this median.

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

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, charged at 7%, would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total 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 use our stamp duty and registration fee calculator for more details on calculating fees.

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

The Sub Registrar Office that covers Vallal Kaari 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 Panangottur

The guideline value is a critical factor in property transactions in Panangottur, as it determines the minimum price at which a property can be registered. Buyers must ensure that the sale price is equal to or higher than the guideline value to avoid any legal complications during registration.

When selling a property, the seller must also be aware of the guideline value, as it affects the calculation of stamp duty and registration fees. Proper understanding of the guideline value helps both buyers and sellers navigate the registration process smoothly.

Frequently asked questions

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

The current guideline value of Vallal Kaari Street (Ward -4) 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 increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the other streets in Panangottur with similar guideline values?

Other streets in Panangottur include Vallal Began Street and Vallal Ori Cross Street, both valued at Rs 1,320 per sq.ft in 2024, while Vallal Kumanan Street and Vallal Ori Street are valued at Rs 1,760 per sq.ft.

What fees are associated with buying property in Vallal Kaari Street?

When buying property in Vallal Kaari Street, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 1,18,800.

Which office handles property registration for Vallal Kaari Street?

The Chengleput Joint II Sub Registrar Office handles property registration for Vallal Kaari Street (Ward -4), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.