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 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai 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 Seethakathi Street (Ward -6) has changed

The guideline value for Vallal Seethakathi Street has undergone several revisions over the years. The earliest available revision is from 2012, where the value was Rs 1,200 per sq.ft. This figure remained unchanged until 2017 when it decreased to Rs 804 per sq.ft. Following this, there was a significant increase to Rs 1,200 per sq.ft in 2023, and then a further increase to Rs 1,321 per sq.ft in 2024, marking a 10% rise from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

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

• Vallal Patchaiappar Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Vallal Pari Street (Ward -4): Rs 1,321 per sq.ft (2024)
• Vallal Ori Street (Ward -4): Rs 1,760 per sq.ft (2024)
• Vallal Ori Cross Street (Ward -4): Rs 1,321 per sq.ft (2024)
• Valliammaiyar Street (Ward -7): Rs 1,321 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 1,321 per sq.ft, the total guideline value would be Rs 13,21,000. The stamp duty at 7% would amount to Rs 92,470, and the registration fee at 2% would be Rs 26,420, totaling Rs 1,18,890. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

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. 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 plays a crucial role in property transactions in Ninna Karai. It is used to determine the stamp duty and registration fees when a property is bought or sold. The guideline value is set by the government and serves as a reference point for property transactions.

When registering a property, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property as per the guideline set.

Frequently asked questions

What is the current guideline value of Vallal Seethakathi Street?

The current guideline value of Vallal Seethakathi Street (Ward -6) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 1,200 per sq.ft in 2023 to Rs 1,321 per sq.ft in 2024, a rise of 10%. The value was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification for Vallal Seethakathi Street?

The land classification for Vallal Seethakathi Street (Ward -6) is Residential Special Type - V, indicating its suitability for residential purposes.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Vallal Seethakathi Street and surrounding areas.

How is stamp duty calculated for properties in Vallal Seethakathi Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,21,000, the stamp duty at 7% would be Rs 92,470.