Guideline Value for VALLALAR NAGAR AMBEDKAR STREET (WARD-21)

Vallalar Nagar Ambedkar Street (Ward-21) guideline value

The current guideline value of Vallalar Nagar Ambedkar Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Potheri village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Vallalar Nagar Ambedkar Street (Ward-21) has changed

The guideline value for Vallalar Nagar Ambedkar Street has seen several revisions over the years. In 2012, the value was Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. By 2023, the value increased to Rs 600 per sq.ft, followed by a further increase to Rs 660 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 600 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median value in the village is Rs 770 per sq.ft, placing Vallalar Nagar Ambedkar Street's 2024 figure below that median.

• Vallancheri Anna Street (Ward -1): Rs 770 per sq.ft (2024)
• Vallancheri Colony Road (Ward -1): Rs 770 per sq.ft (2024)
• Varaavathi Street (Ward -1): Rs 770 per sq.ft (2024)
• Varsha Avenue (Po): Rs 880 per sq.ft (2024)
• Vedhathiri Nagar (Val): Rs 880 per sq.ft (2024)
• Thulukkanathamman Koil Street (Ward -1): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Vallalar Nagar Ambedkar Street (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that 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 Vallalar Nagar Ambedkar Street (Ward-21)?

The Vallalar Nagar Ambedkar Street (Ward-21) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Potheri. It serves as a benchmark to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate these fees, ensuring that the transaction is recorded at a value that reflects the current market conditions as determined by the local government.

Frequently asked questions

What is the current guideline value of Vallalar Nagar Ambedkar Street?

The current guideline value of Vallalar Nagar Ambedkar Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Vallalar Nagar Ambedkar Street?

The land classification for Vallalar Nagar Ambedkar Street (Ward-21) is Residential Class II Type - I.

What is the median guideline value in Potheri?

The median guideline value in Potheri village is Rs 770 per sq.ft, with Vallalar Nagar Ambedkar Street's current value being below this median.

Where can I find the Sub Registrar Office for Vallalar Nagar Ambedkar Street?

The Sub Registrar Office covering Vallalar Nagar Ambedkar Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.