Guideline Value for VALLALAR STREET (WARD -7)

Vallalar Street (Ward -7) guideline value

The current guideline value of Vallalar Street (Ward -7) is Rs 1,760 per sq.ft. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Vallalar Street (Ward -7) has changed

The guideline value for Vallalar Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,600 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 1,072 per sq.ft, marking a decrease of 33%. However, in 2023, the value increased significantly to Rs 1,600 per sq.ft, and in the latest 2024 revision, it rose again to Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, 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 Kattankollatur

Kattankollatur 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 for the village is Rs 1,100 per sq.ft, placing Vallalar Street's 2024 figure above this median.

• Vallal Began Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Vallal Kaari Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Vallal Kumanan Street (Ward -6): Rs 1,760 per sq.ft (2024)
• Vallal Mgr Street (Ward -4): Rs 1,760 per sq.ft (2024)
• Vallal Ori Cross Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Vallal Ori Street (Ward -4): Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Vallalar Street (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200. Together, the total cost for stamp duty and registration fee would be Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Vallalar Street (Ward -7)?

The Sub Registrar Office that covers Vallalar Street (Ward -7) 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 Kattankollatur

The guideline value plays a crucial role in the registration process of property transactions in Kattankollatur. It serves as the baseline for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value assigned to the property.

When a property is sold, the guideline value is considered to determine the applicable fees. Buyers should be prepared to pay stamp duty based on this value, which is essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Vallalar Street (Ward -7)?

The current guideline value of Vallalar Street (Ward -7) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then back to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What is the land classification for Vallalar Street?

The land classification for Vallalar Street (Ward -7) is Residential Special Type - III.

Where is the Sub Registrar Office for Vallalar Street located?

The Sub Registrar Office for Vallalar Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Kattankollatur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 17,60,000 would incur a stamp duty of Rs 1,23,200 at a rate of 7%.