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 Vallancheri 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

Over the years, the guideline value for Vallancheri Anna Street has seen several revisions. The earliest recorded figure is from 2012, where the value was Rs 700 per sq.ft. This was followed by a decrease to Rs 469 per sq.ft in 2017. However, the value increased to Rs 700 per sq.ft again in 2023, and currently stands at Rs 770 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 825 per sq.ft. Vallancheri Anna Street's current guideline value is below this median.

• 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 amounts to 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, bringing the total to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use our 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. You can find your SRO online.

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

The guideline value is a crucial factor when registering property transactions in Vallancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers and sellers must consider this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vallancheri Anna Street?

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 in 2012 to Rs 469 in 2017, then back to Rs 700 in 2023, and currently to Rs 770 in 2024.

What is the land classification for Vallancheri Anna Street?

The land classification for Vallancheri Anna Street is Residential Class I Type - III.

Where can I find the registration office for Vallancheri Anna Street?

The registration office for Vallancheri Anna Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the range of guideline values for other streets in Vallancheri?

The guideline values for other streets in Vallancheri under the Chengleput Joint II SRO range from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 825 per sq.ft.