Guideline Value for VALLAL MGR STREET (WARD -4)

Vallal Mgr Street (Ward -4) guideline value

The current guideline value of Vallal Mgr Street (Ward -4) is Rs 1,760 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 - III.

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

The guideline value for Vallal Mgr Street (Ward -4) has seen several revisions over the years. In 2012, the value was set at Rs 1,600 per sq.ft, which decreased to Rs 1,072 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,600 per sq.ft. The latest revision in 2024 raised the guideline value to Rs 1,760 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. 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 carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Vallal Mgr Street's 2024 figure of Rs 1,760 per sq.ft is above this median.

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

Stamp duty and registration fee for property in Vallal Mgr Street (Ward -4)

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 cost for these fees 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 information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Vallal Mgr Street (Ward -4) 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 more details.

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

The guideline value is a crucial factor when registering property transactions in Peramanoor. It serves as a benchmark for determining the minimum value at which properties can be sold and ensures that the government receives the appropriate stamp duty and registration fees based on this value.

When buyers and sellers engage in a transaction, the guideline value helps in assessing the property's worth, and it is essential to adhere to these values during the registration process to avoid any legal issues.

Frequently asked questions

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

The current guideline value of Vallal Mgr Street (Ward -4) 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 are the other streets in Peramanoor with their guideline values?

Other streets in Peramanoor include Vallal Kumanan Street at Rs 1,760 per sq.ft, Vallal Ori Cross Street and Vallal Kaari Street at Rs 1,320 per sq.ft, and Vallal Ori Street at Rs 1,760 per sq.ft, among others.

What are the stamp duty and registration fees for properties in Vallal Mgr Street?

For a 1,000 sq.ft plot, the stamp duty is Rs 1,23,200 and the registration fee is Rs 35,200, totaling Rs 1,58,400 based on the current guideline value.

Which office handles the registration for Vallal Mgr Street?

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