Guideline Value for Vallal Pachaiyappan Santhu

Vallal Pachaiyappan Santhu guideline value

The current guideline value of Vallal Pachaiyappan Santhu is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO and is classified as Residential Special Type - II.

How the guideline value of Vallal Pachaiyappan Santhu has changed

Over the years, the guideline value for Vallal Pachaiyappan Santhu has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which was then reduced to Rs 2,010 per sq.ft in the 2017 revision. Following that, the value increased to Rs 3,000 per sq.ft in 2023, and the most recent revision in 2024 raised it to Rs 3,300 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Between the revisions, there have been significant changes: from 2017 to 2023, the value increased by 49%, while from 2012 to 2017, it decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in 2nd Division

In the 2nd Division, there are 101 streets under the Kanchipuram Joint IV SRO with a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Vallal Pachaiyappan Santhu above this median.

• Vallal Pachaiyappan Street: Rs 5,500 per sq.ft (2024)
• Vallal Pachaiyappan Street Santhu (a) Back: Rs 5,500 per sq.ft (2024)
• Vaikumdapuram Street: Rs 2,750 per sq.ft (2024)
• Uppukulam Sri Venkateswara Nagar: Rs 800 per sq.ft (2024)
• Uppukulam Sri Siddhi Vinayagar Nagar: Rs 1,100 per sq.ft (2024)
• Uppukulama Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Vallal Pachaiyappan Santhu

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vallal Pachaiyappan Santhu?

The Vallal Pachaiyappan Santhu area is covered by the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a crucial factor when registering property transactions in the 2nd Division. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and transparently. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Vallal Pachaiyappan Santhu?

The current guideline value of Vallal Pachaiyappan Santhu is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012, showing a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017.

What is the land classification of Vallal Pachaiyappan Santhu?

Vallal Pachaiyappan Santhu is classified as Residential Special Type - II.

What are some other streets in 2nd Division?

Other streets in 2nd Division include Vallal Pachaiyappan Street, Vallal Pachaiyappan Street Santhu (a) Back, Vaikumdapuram Street, Uppukulam Sri Venkateswara Nagar, Uppukulam Sri Siddhi Vinayagar Nagar, and Uppukulama Street, with varying guideline values.

Where can I find the Sub Registrar Office for Vallal Pachaiyappan Santhu?

The Kanchipuram Joint IV Sub Registrar Office covers Vallal Pachaiyappan Santhu, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.