Guideline Value for Vallalar ST

Vallalar ST guideline value

The current guideline value of Vallalar ST, located in the village of Sevilimadu - A under the Kanchipuram Joint II SRO, is Rs 1,100 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Vallalar ST has changed

The guideline value for Vallalar ST has seen several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has set the value at Rs 1,100 per sq.ft, which is a further increase of 10% from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, which is equal to the current guideline value of Vallalar ST.

• Vandavasi Road: Rs 2,200 per sq.ft (2024)
• Vedachalam Nagar(South): Rs 1,100 per sq.ft (2024)
• Velayudam Nagar: Rs 1,100 per sq.ft (2024)
• Thiruchittrambalam Nagar: Rs 1,100 per sq.ft (2024)
• Vijayalakshmi Nagar: Rs 1,100 per sq.ft (2024)
• Thalaivar St: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Vallalar ST

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total charges together Rs 99,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vallalar ST?

The Vallalar ST falls under the Kanchipuram Joint II 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 Sevilimadu - A

The guideline value plays a crucial role during the registration of property transactions in Sevilimadu - A. It is used to determine the stamp duty and registration fees that must be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which aids in maintaining transparency and accountability in real estate dealings.

Frequently asked questions

What is the current guideline value of Vallalar ST?

The current guideline value of Vallalar ST is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Vallalar ST?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Vallalar ST?

The Kanchipuram Joint II Sub Registrar Office covers Vallalar ST, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

What is the land classification for Vallalar ST?

Vallalar ST falls under the Residential Class I Type - I land classification, which is significant for understanding its use and development potential.