Guideline Value for Vallar Street

Vallar Street guideline value

The current guideline value of Vallar Street in Karasangal village is Rs 103 per sq.ft, effective from 1 July 2024. This street falls under the Acchirapakkam SRO and is classified as Residential Class I Type - I.

How the guideline value of Vallar Street has changed

The guideline value for Vallar Street has seen significant changes over the years. The 2017 revision recorded a value of Rs 27 per sq.ft, which increased to Rs 100 per sq.ft in the 2023 revision. The latest 2024 revision reflects a further increase to Rs 103 per sq.ft, marking a change of +3% from the previous year. Notably, the overall increase from the 2017 to 2024 revisions is +281%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Vallar Street. This lack of data highlights the substantial growth in the guideline value from Rs 27 per sq.ft in 2017 to the current rate of Rs 103 per sq.ft.

Guideline values in Karasangal

In Karasangal, there are 16 streets under the Acchirapakkam SRO that carry a 2024 guideline value ranging from Rs 103 to Rs 115 per sq.ft. The median guideline value is Rs 103 per sq.ft, placing Vallar Street at the median rate.

• Pudhupettai: Rs 103 per sq.ft (2024)
• Perumal Koil Street: Rs 103 per sq.ft (2024)
• Pallikuda Street: Rs 103 per sq.ft (2024)
• Nadu Street: Rs 103 per sq.ft (2024)
• Nadu Attrankarai Street: Rs 103 per sq.ft (2024)
• Mela theru: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Vallar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value would be Rs 1,03,000. The stamp duty at 7% would amount to Rs 7,210, and the registration fee at 2% would be Rs 2,060, bringing the total cost to Rs 9,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vallar Street?

The Sub Registrar Office covering Vallar Street is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Karasangal, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a property is sold, the buyer must ensure that the sale price meets or exceeds the guideline value to avoid any legal issues during registration. This ensures that the transaction is transparent and adheres to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Vallar Street?

The current guideline value of Vallar Street is Rs 103 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 27 per sq.ft in 2017 to Rs 103 per sq.ft in 2024, marking an overall increase of +281% over this period.

What is the registration office for Vallar Street?

The registration office for Vallar Street is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

How is stamp duty calculated for properties in Vallar Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 7,210.

What are the other streets in Karasangal with similar guideline values?

Other streets in Karasangal under the Acchirapakkam SRO have a 2024 guideline value of Rs 103 per sq.ft, including Pudhupettai, Perumal Koil Street, Pallikuda Street, Nadu Street, Nadu Attrankarai Street, and Mela theru.