Guideline Value for VALLAL PARI STREET (WARD -4)

Vallal Pari Street (Ward -4) guideline value

The current guideline value of Vallal Pari Street (Ward -4) is Rs 1,320 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 - V.

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

The guideline value for Vallal Pari Street (Ward -4) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the current 2024 revision has further raised it to Rs 1,320 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

Between the revisions, the most significant change occurred from 2017 to 2023, with an increase of 49%. The transition from 2023 to 2024 reflects a 10% increase. Overall, from the 2012 revision to the current 2024 figure, there has been a 10% increase in the guideline value.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,612 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, placing Vallal Pari Street (Ward -4) above this median.

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

Stamp duty and registration fee for property in Vallal Pari 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 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, bringing the total charges to Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Vallal Pari 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 Kattankollatur

The guideline value plays a crucial role in the registration process of property transactions in Kattankollatur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

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

The current guideline value of Vallal Pari Street (Ward -4) is Rs 1,320 per sq.ft, effective from 1 July 2024. This value is set by the Chengleput Joint II SRO.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,200 per sq.ft in 2012 to Rs 1,320 per sq.ft in 2024. The most notable increase occurred from 2017 to 2023, with a rise of 49%.

What are the other streets in Kattankollatur with their guideline values?

Other streets in Kattankollatur include Vallal Patchaiappar Street, Vallal Ori Street, Vallal Seethakathi Street, Vallal Ori Cross Street, Vallal Mgr Street, and Vallal Kumanan Street, with varying guideline values ranging from Rs 1,320 to Rs 1,760 per sq.ft for 2024.

How is stamp duty calculated for properties in Vallal Pari Street (Ward -4)?

Stamp duty for properties in Vallal Pari Street (Ward -4) is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000, leading to a stamp duty of Rs 92,400.

Which Sub Registrar Office should I approach for property transactions in Vallal Pari Street (Ward -4)?

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