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 Ninna Karai village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - III.

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

The guideline value for Vallal Ori Street has seen several revisions over the years. In the 2012 revision, the value was Rs 1,600 per sq.ft, which decreased to Rs 1,072 per sq.ft in the 2017 revision. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 1,600 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 1,760 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median value across 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 1,321 per sq.ft (2024)
• Vallal Mgr Street (Ward -4): Rs 1,760 per sq.ft (2024)
• Vallal Pari Street (Ward -4): Rs 1,321 per sq.ft (2024)
• Vallal Kumanan Street (Ward -6): Rs 1,760 per sq.ft (2024)
• Vallal Patchaiappar Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Vallal Kaari Street (Ward -4): Rs 1,321 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 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, totaling Rs 1,58,400. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Vallal Ori 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 Ninna Karai

The guideline value is a crucial factor when registering a property in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value may influence the overall cost of the property transaction.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees, ensuring that all transactions are aligned with the established values in the area. This process helps maintain transparency and consistency in property dealings.

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 from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then back to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What is the land classification for Vallal Ori Street?

Vallal Ori Street is classified as Residential Special Type - III, which indicates the type of development permitted in the area.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Tamil Nadu.

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

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