Guideline Value for VALLAL ORI STREET (WARD -4)

Vallal Ori Street (Ward -4) guideline value

The current guideline value of Vallal Ori Street (Ward -4) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur 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 Ori Street (Ward -4) has changed

The guideline value for Vallal Ori Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,600 per sq.ft. This was followed by a decrease to Rs 1,072 per sq.ft in the 2017 revision. The value then increased significantly to Rs 1,600 per sq.ft in the 2023 revision, and further rose to Rs 1,760 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between the revisions are notable, with a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register has no figures for the years 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 guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Vallal Ori Street's 2024 figure above this median.

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

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

For a 1,000 sq.ft plot at the current rate, the 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, resulting in a total of Rs 1,58,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

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

The Vallal Ori Street (Ward -4) falls under the jurisdiction of 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kattankollatur. It is used to determine the stamp duty and registration fees, which are essential costs involved in property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used for calculating the applicable duties. This ensures that the registration reflects the actual value of the property being transferred.

Frequently asked questions

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

The current guideline value of Vallal Ori 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 significantly from Rs 1,600 per sq.ft in 2012 to Rs 1,760 per sq.ft in 2024, with notable increases and decreases in between, including a 49% rise from 2017 to 2023.

What is the land classification for Vallal Ori Street?

The land classification for Vallal Ori Street (Ward -4) is Residential Special Type - III, indicating its designated use for residential purposes.

Where is the Chengleput Joint II SRO located?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Vallal Ori Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 at a rate of 7%.