Guideline Value for Vallal Pachaiyappan Street

Vallal Pachaiyappan Street guideline value

The current guideline value of Vallal Pachaiyappan Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO, classified as Commercial Class I Type - II.

How the guideline value of Vallal Pachaiyappan Street has changed

The guideline value for Vallal Pachaiyappan Street has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012, marking a 400% rise. However, the value then decreased to Rs 3,350 per sq.ft in 2017, a reduction of 33%. The value rose again to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for Vallal Pachaiyappan Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in 2nd Division

In the 2nd Division under the Kanchipuram Joint IV SRO, there are 101 streets with a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft, with a median of Rs 1,650 per sq.ft. Vallal Pachaiyappan Street's current guideline value is above this median.

• Vallal Pachaiyappan Santhu: Rs 3,300 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vallal Pachaiyappan Street?

The Vallal Pachaiyappan Street 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 in the buying and selling process of properties in the 2nd Division. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration of property transactions.

When a property is sold, the guideline value helps in assessing the official value of the property, ensuring that the transaction is recorded accurately. This value is particularly important for calculating the financial obligations of both the buyer and seller during the registration process.

Frequently asked questions

What is the current guideline value of Vallal Pachaiyappan Street?

The current guideline value of Vallal Pachaiyappan Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,000 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, representing an overall increase of 450% over the years.

What is the median guideline value in the 2nd Division?

The median guideline value in the 2nd Division is Rs 1,650 per sq.ft, with Vallal Pachaiyappan Street's value being above this median.

What are the stamp duty and registration fees for properties in Vallal Pachaiyappan Street?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which office handles the registration for Vallal Pachaiyappan Street?

The Kanchipuram Joint IV Sub Registrar Office handles the registration for Vallal Pachaiyappan Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.