Guideline Value for VALLULAR STREET WARD-4

Vallular Street Ward-4 guideline value

The current guideline value for Vallular Street Ward-4 is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village under the Chengleput Joint II SRO, classified as Residential Class I Type - I.

How the guideline value of Vallular Street Ward-4 has changed

The guideline value for Vallular Street Ward-4 has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,500 per sq.ft. This figure remained unchanged until 2017, when it decreased to Rs 1,005 per sq.ft. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then further rose to Rs 1,650 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Vallular Street Ward-4's current value below this median.

• Vedhappar Street: Rs 2,200 per sq.ft (2024)
• Veerabathira Chetty Street- Ward-4: Rs 1,650 per sq.ft (2024)
• Thukumaraikuttai: Rs 2,200 per sq.ft (2024)
• Thimmarajapuram Kulam: Rs 3,850 per sq.ft (2024)
• Vip Nagar: Rs 2,200 per sq.ft (2024)
• Thattan Malai Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Vallular Street Ward-4

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees to Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Vallular Street Ward-4?

The Sub Registrar Office that covers Vallular Street Ward-4 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 details.

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

The guideline value is a crucial factor in the registration process of property transactions in Chengalpattu Natham. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions reflect the official value set by the government.

When buying or selling property, the guideline value influences the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vallular Street Ward-4?

The current guideline value of Vallular Street Ward-4 is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023 and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Vallular Street Ward-4?

Vallular Street Ward-4 is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in Vallular Street Ward-4?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers Vallular Street Ward-4?

The Sub Registrar Office for Vallular Street Ward-4 is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.