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 Sattamangalam village, under the Chengleput Joint II SRO, with a land classification of 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 undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which saw a decrease to Rs 804 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 1,200 per sq.ft in 2023, followed by a further increase to the current rate of Rs 1,320 per sq.ft in 2024.

In terms of percentage changes, the value increased by 49% from 2017 to 2023 and by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 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 guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total charges 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.

You can also use the stamp duty and registration fee calculator for more detailed 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 Sattamangalam

The guideline value is a crucial factor when buying or selling property in Sattamangalam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

At the time of registration, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the state receives appropriate revenue from 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. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification of Vallal Ori Cross Street (Ward -4)?

The land classification of Vallal Ori Cross Street (Ward -4) is Residential Special Type - V.

What are the stamp duty and registration fees for properties in Vallal Ori Cross Street (Ward -4)?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 13,20,000, the total charges would be Rs 1,18,800.

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

The Chengleput Joint II Sub Registrar Office covers Vallal Ori Cross Street (Ward -4), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.