Guideline Value for VALLAL SEETHAKATHI STREET (WARD -6)

Vallal Seethakathi Street (Ward -6) guideline value

The current guideline value of Vallal Seethakathi Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - V.

How the guideline value of Vallal Seethakathi Street (Ward -6) has changed

The guideline value for Vallal Seethakathi Street has seen 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 as of the 2024 revision, it has further increased to Rs 1,320 per sq.ft. Notably, there are no figures available for this street in the revisions from 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, it rebounded significantly by 49% from 2017 to 2023. The increase from 2023 to 2024 is 10%. Overall, the guideline value has increased by 10% from 2012 to 2024.

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 in the village is Rs 1,100 per sq.ft, placing Vallal Seethakathi Street's 2024 figure above this median.

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

Stamp duty and registration fee for property in Vallal Seethakathi Street (Ward -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Vallal Seethakathi Street (Ward -6)?

The Sub Registrar Office that covers Vallal Seethakathi Street (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kattankollatur. It is used to determine the stamp duty and registration fees that must be paid during the property registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring compliance with local regulations. Buyers should be aware of the current guideline value to accurately assess their costs during the transaction.

Frequently asked questions

What is the current guideline value of Vallal Seethakathi Street (Ward -6)?

The current guideline value of Vallal Seethakathi Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Vallal Seethakathi Street?

Vallal Seethakathi Street is classified as Residential Special Type - V.

What are the stamp duty and registration fees for property in Vallal Seethakathi Street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles the registration for Vallal Seethakathi Street?

The Chengleput Joint II Sub Registrar Office handles the registration for Vallal Seethakathi Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.