Guideline Value for VALLANCHERI ANNA STREET (WARD -1)

Vallancheri Anna Street (Ward -1) guideline value

The current guideline value of Vallancheri Anna Street (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Konathi village and falls under the Chengleput Joint II SRO, with a land classification of Residential Class I Type - III.

How the guideline value of Vallancheri Anna Street (Ward -1) has changed

In the 2012 revision, the guideline value was Rs 700 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 469 per sq.ft, marking a decrease of 33%. The value then saw a significant increase to Rs 700 per sq.ft in the 2023 revision, followed by a further increase to Rs 770 per sq.ft in the 2024 revision, representing a 10% rise.

From the 2017 revision to the 2023 revision, the increase was 49%. Overall, comparing 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 Konathi

In Konathi, there are 131 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,500 per sq.ft. The median value is Rs 770 per sq.ft, which is the same as the 2024 guideline value for Vallancheri Anna Street (Ward -1).

• Vallancheri Colony Road (Ward -1): Rs 770 per sq.ft (2024)
• Vallalar Nagar Ambedkar Street (Ward-21): Rs 660 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)
• Veerapthra Nagar (Ward-21): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Vallancheri Anna Street (Ward -1)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value is Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vallancheri Anna Street (Ward -1)?

The Sub Registrar Office that covers Vallancheri Anna Street (Ward -1) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Konathi, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. This value serves as a reference point for both parties to assess the property’s worth in the context of the local real estate market.

Frequently asked questions

What is the current guideline value of Vallancheri Anna Street (Ward -1)?

The current guideline value of Vallancheri Anna Street (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 770 per sq.ft in 2024, up from Rs 700 per sq.ft in 2023. The value dropped to Rs 469 per sq.ft in 2017 from Rs 700 per sq.ft in 2012.

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

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900, and the registration fee would be Rs 15,400, totaling Rs 69,300. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Vallancheri Anna Street (Ward -1)?

The Chengleput Joint II Sub Registrar Office handles registrations for Vallancheri Anna Street (Ward -1). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it sets the minimum price for property registration, ensuring that the correct stamp duty and registration fees are calculated. It helps maintain transparency in property transactions within the region.