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 Panangottur 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 recorded value was Rs 1,200 per sq.ft in 2012. This figure decreased to Rs 804 per sq.ft in 2017, reflecting a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 1,200 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

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

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value among these streets is Rs 990 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, and the registration fee at 2% would be Rs 26,400. Together, these fees would total Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value serves as a benchmark for property transactions in Panangottur. When buying or selling property, this value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is officially recorded and taxed appropriately.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of property transactions. Accurate knowledge of this value can help in budgeting for the additional costs associated with property registration.

Frequently asked questions

What is the current guideline value for Vallal Seethakathi Street?

The current guideline value for 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 increased 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?

The land classification for Vallal Seethakathi Street (Ward -6) is Residential Special Type - V.

What are the stamp duty and registration fees for properties in this area?

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 registrations for Vallal Seethakathi Street?

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