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 Sattamangalam village and falls under the Chengleput Joint II SRO. The land classification for this area is 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. The 2012 revision set the value at Rs 1,600 per sq.ft, which remained the same in the subsequent 2017 revision. However, in 2017, the value was adjusted to Rs 1,072 per sq.ft, marking a decrease of 33%. The 2023 revision saw a significant increase to Rs 1,600 per sq.ft, followed by a further increase to Rs 1,760 per sq.ft in the 2024 revision, reflecting a 10% rise.

From the 2012 revision to the 2024 revision, the overall change is an increase of 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value among these streets 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 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 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.

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 covering Vallal Kumanan Street (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process for property transactions in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions in the region.

Frequently asked questions

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

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 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 of Vallal Kumanan Street?

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

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

The Sub Registrar Office for Vallal Kumanan Street (Ward -6) 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 Sattamangalam?

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%.