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 Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

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

The guideline value for Vallal Ori Cross Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,200 per sq.ft. This value remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft, marking a decrease of 33%. In 2023, the guideline value increased significantly to Rs 1,200 per sq.ft, and then to Rs 1,320 per sq.ft in 2024, representing a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 figure to the 2024 figure, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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. The median value is Rs 1,100 per sq.ft, placing Vallal Ori Cross Street's 2024 figure 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 rate of Rs 1,320 per sq.ft, the 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, resulting in a total of Rs 1,18,800. It is important to note that 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 further calculations.

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

The Sub Registrar Office that covers Vallal Ori Cross 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 Peramanoor

The guideline value plays a crucial role in the registration process of property transactions in Peramanoor. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. This ensures that the government receives a fair amount based on the established values for different areas.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This system helps maintain transparency and standardization in property transactions.

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, marking a 10% increase. It was previously Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification for Vallal Ori Cross Street?

The land classification for Vallal Ori Cross Street (Ward -4) is Residential Special Type - V. This classification indicates the type of development allowed in the area.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,18,800.

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

The Chengleput Joint II Sub Registrar Office covers Vallal Ori Cross Street and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details through the provided link.