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 Panangottur 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. The 2012 revision set the value at Rs 1,600 per sq.ft, which was then reduced to Rs 1,072 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 1,600 per sq.ft in 2023, and further rose by 10% to Rs 1,760 per sq.ft in the 2024 revision.

From the 2017 to 2023 revision, the guideline value increased by 49%. The overall change from the 2012 revision to the 2024 revision reflects a 10% increase. It is important to note that the register has no figure for this street in the years 2002, 2003, and 2007.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 990 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 guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty, charged at 7%, would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our 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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Panangottur. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately and legally.

When buying or selling property, the guideline value serves as a benchmark for the minimum value of the property. This means that the stamp duty is calculated based on the higher of the guideline value or the sale price, which helps in maintaining transparency in property transactions.

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 increased 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 of Vallal Ori Street?

Vallal Ori Street is classified as Residential Special Type - III under the Chengleput Joint II SRO.

What are the stamp duty rates applicable for property transactions?

The stamp duty for property transactions in Vallal Ori Street is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2%.

Where is the Sub Registrar Office for Vallal Ori Street located?

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