Guideline Value for VIKNARAJAPURAM VALLANCHERI (WARD -1)

Viknarajapuram Vallancheri (Ward -1) guideline value

The current guideline value for Viknarajapuram Vallancheri (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Vallancheri village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

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

The guideline value for Viknarajapuram Vallancheri has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 700 per sq.ft. This was followed by a decrease to Rs 469 per sq.ft in 2017. The 2023 revision increased the value to Rs 700 per sq.ft, and the most recent revision in 2024 has set the value at Rs 770 per sq.ft. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, the guideline value has changed significantly. From 2012 to 2017, there was a decrease of 33%. However, the value increased by 49% from 2017 to 2023. The latest revision from 2023 to 2024 shows a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 825 per sq.ft, placing the guideline value for Viknarajapuram Vallancheri (Ward -1) below this median.

• Vijayalakshmi Nagar (Ward-21): Rs 660 per sq.ft (2024)
• Vijayalakshmi Nagar Vallancheri (Ward -1): Rs 770 per sq.ft (2024)
• Vishnupriya Priya Avenue Ninnakarai: Rs 1,650 per sq.ft (2024)
• Vivekananthar Street (Ward-21): Rs 660 per sq.ft (2024)
• Vgp Mount Mary Town (Ward -1): Rs 1,100 per sq.ft (2024)
• V.O.C Street (Ward-20): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Viknarajapuram Vallancheri (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, making the total fees together 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 information on calculating stamp duty and registration fees, you can use our stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Viknarajapuram Vallancheri (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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vallancheri. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per the local regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and the seller are aware of the costs involved in the transaction, as these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Viknarajapuram Vallancheri (Ward -1)?

The current guideline value for Viknarajapuram Vallancheri (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 back to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for Viknarajapuram Vallancheri?

Viknarajapuram Vallancheri is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for property 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.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Viknarajapuram Vallancheri (Ward -1) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengalpattu registration zone.