Guideline Value for VALLAL KUMANAN STREET (WARD -6)

Vallal Kumanan Street (Ward -6) guideline value

The current guideline value of Vallal Kumanan Street (Ward -6) 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 Kumanan Street (Ward -6) has changed

The guideline value for Vallal Kumanan Street has undergone several revisions over the years. In 2012, the value was set at Rs 1,600 per sq.ft. This figure remained until the next revision in 2017, where it decreased to Rs 1,072 per sq.ft. Following this, the value rose significantly to Rs 1,600 per sq.ft in 2023, and then further increased to Rs 1,760 per sq.ft in 2024, marking a 10% rise from the previous year.

From 2012 to 2024, the overall change in the guideline value is a 10% increase. Notably, the value rose by 49% from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

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

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

For a 1,000 sq.ft plot at the current guideline value, 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 charges to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

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

The Sub Registrar Office that covers Vallal Kumanan Street 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 serves as a benchmark for property transactions in Kattankollatur. When you buy or sell property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

It is essential for buyers and sellers to be aware of the guideline value, as it can influence the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Vallal Kumanan Street?

The current guideline value of Vallal Kumanan Street (Ward -6) 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 increased 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 Kumanan Street?

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

Where can I find the Sub Registrar Office for Vallal Kumanan Street?

The Sub Registrar Office for Vallal Kumanan Street 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 Kattankollatur?

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