Guideline Value for VALLAL ORI CROSS STREET (WARD -4)

Vallal Ori Cross Street (Ward -4) guideline value

The current guideline value of Vallal Ori Cross Street (Ward -4) is Rs 1,320 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 - V.

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

Over the years, the guideline value for Vallal Ori Cross Street has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and further rose to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the value dropped by 33% from 2012 to 2017. Overall, the guideline value has increased by 10% from 2012 to 2024. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

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

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

Stamp duty and registration fee for property in Vallal Ori Cross 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 at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total 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.

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

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

The Vallal Ori Cross Street (Ward -4) falls under 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 Kattankollatur

The guideline value is a crucial factor when registering property transactions in Kattankollatur. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for property transfers.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are paid. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

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

The current guideline value of Vallal Ori Cross 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 2023 to Rs 1,320 per sq.ft in 2024, reflecting a 10% increase. It decreased from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then rose again to Rs 1,200 per sq.ft in 2023.

What is the land classification of Vallal Ori Cross Street?

Vallal Ori Cross Street is classified as Residential Special Type - V, which is relevant for determining its guideline value and usage.

What are the other streets in Kattankollatur with their guideline values?

Other streets in Kattankollatur include Vallal Mgr Street, Vallal Ori Street, Vallal Kumanan Street, Vallal Kaari Street, Vallal Pari Street, and Vallal Began Street, with values ranging from Rs 1,320 to Rs 1,760 per sq.ft in 2024.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in the area, including Vallal Ori Cross Street.