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 Thailavaram village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

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

The guideline value for Vallancheri Anna Street has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which was then reduced to Rs 469 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 700 per sq.ft in the 2023 revision, and finally rose to Rs 770 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2024 revision, the overall change is a modest increase of 10%. The increase from the 2017 revision to the 2023 revision was a substantial 49%, while the change from the 2012 to 2017 revision was a decrease of 33%.

Guideline values in Thailavaram

In Thailavaram, there are 132 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 is Rs 770 per sq.ft, which is equal to the guideline value of Vallancheri Anna Street.

• 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)
• Vainavi Crystal Garden: Rs 1,100 per sq.ft (2024)
• Varsha Avenue (Po): Rs 881 per sq.ft (2024)
• Vedhathiri Nagar (Val): Rs 881 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 rate of Rs 770 per sq.ft, the guideline value is Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, together 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 further calculations, 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, 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 Thailavaram

The guideline value is a critical factor in property transactions in Thailavaram, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

During the registration process, the guideline value is used to calculate stamp duty and registration fees, which are essential costs in any property transaction. Ensuring that the sale price is at least equal to the guideline value helps facilitate a smooth registration process.

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 changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for Vallancheri Anna Street?

The land classification for Vallancheri Anna Street (Ward -1) is Residential Class I Type - III.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Vallancheri Anna Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,70,000, the stamp duty at 7% would be Rs 53,900.