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. This street is located in Peramanoor village under the Chengleput Joint II SRO, classified as Residential Special Type - V.

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

The guideline value for Vallal Pari Street has undergone several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft, which was then revised to Rs 804 per sq.ft in 2017, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, marking a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has seen a 10% increase.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO carrying a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Vallal Pari Street's guideline value of Rs 1,320 per sq.ft is 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, totaling Rs 1,18,800. It is important to note that 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 details.

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

The Chengleput Joint II Sub Registrar Office covers Vallal Pari Street (Ward -4). The office is 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 Peramanoor

The guideline value plays a crucial role during the registration process when buying or selling property in Peramanoor. It is used to determine the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the guideline value, as it directly impacts the overall cost of registration. Accurate knowledge of these values helps in making informed decisions during property dealings.

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.

How has the guideline value changed over the years?

Over the years, the guideline value has seen various revisions, with the most recent being an increase from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, a change of 10%.

What is the land classification for Vallal Pari Street?

Vallal Pari Street is classified as Residential Special Type - V, indicating its designation for residential purposes.

Where can I find the Chengleput Joint II Sub Registrar Office?

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

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 13,20,000, the stamp duty at 7% would amount to Rs 92,400.