Guideline Value for ALAYAMMAN KOIL STREET (WARD -19)

Alayamman Koil Street (Ward -19) guideline value

The current guideline value of Alayamman Koil Street (Ward -19) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Alayamman Koil Street (Ward -19) has changed

The guideline value for Alayamman Koil Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 400 per sq.ft. This figure decreased to Rs 268 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value saw a significant increase in the following revisions, reaching Rs 400 per sq.ft in 2023, and then rising to Rs 440 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Alayamman Koil Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sattamangalam

Sattamangalam village has a total of 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Alayamman Koil Street's 2024 guideline value is below this median.

• Agayathya Garden (N): Rs 660 per sq.ft (2024)
• Ambedkar Street (Ward -3): Rs 660 per sq.ft (2024)
• Agayathiyar Street (N): Rs 660 per sq.ft (2024)
• Ambedkar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Agathiar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Adithiya Garden: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Alayamman Koil Street (Ward -19)

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Alayamman Koil Street (Ward -19)?

The Sub Registrar Office that covers Alayamman Koil Street (Ward -19) 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 Sattamangalam

The guideline value plays a crucial role in the registration process when buying or selling property in Sattamangalam. It is used to determine the stamp duty and registration fees payable at the time of registration. The guideline value ensures that the transaction is recorded at a fair price according to the official rates set by the government.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both buyers and sellers to ensure compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Alayamman Koil Street (Ward -19)?

The current guideline value of Alayamman Koil Street (Ward -19) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification of Alayamman Koil Street (Ward -19)?

The land classification for Alayamman Koil Street (Ward -19) is Residential Class II Type - II.

Where can I find the Sub Registrar Office for Alayamman Koil Street (Ward -19)?

The Sub Registrar Office for Alayamman Koil Street (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Alayamman Koil Street (Ward -19)?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800.