Guideline Value for ARUMUGANAAVALAR STREET (WARD -7)

Arumuganaavalar Street (Ward -7) guideline value

The current guideline value of Arumuganaavalar Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village and falls under the Chengleput Joint II SRO, with a land classification of Residential Special Type - V.

How the guideline value of Arumuganaavalar Street (Ward -7) has changed

The guideline value for Arumuganaavalar Street has undergone several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017, marking a decline of 33%. However, this value saw a significant increase to Rs 1,200 per sq.ft in 2023, followed by another rise to Rs 1,320 per sq.ft in 2024, representing a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, which means that Arumuganaavalar Street's 2024 figure is above this median.

• A.R.S Nagar (Sa): Rs 660 per sq.ft (2024)
• Arnakiriyar Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Arivudai Nambi Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Arivaanar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Annibesant Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Annibesant Iind Cross Street (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Arumuganaavalar Street (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty is charged at 7%, resulting in Rs 92,400, while the registration fee at 2% is Rs 26,400. Together, the total charges would be Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arumuganaavalar Street (Ward -7)?

The Sub Registrar Office that covers Arumuganaavalar Street (Ward -7) 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 is a critical factor during property transactions in Sattamangalam. It serves as a benchmark for determining the registration fees and stamp duty payable when a property is bought or sold. The guideline value is set by the Registration Department and is subject to periodic revisions based on various factors.

When registering a property, buyers must consider the guideline value, as the stamp duty is calculated based on this value or the sale price, whichever is higher. This ensures that the government receives appropriate revenues from property transactions.

Frequently asked questions

What is the current guideline value of Arumuganaavalar Street (Ward -7)?

The current guideline value of Arumuganaavalar Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification of Arumuganaavalar Street?

Arumuganaavalar Street is classified as Residential Special Type - V, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in this area?

For a property with a guideline value of Rs 1,320 per sq.ft, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400 for a 1,000 sq.ft plot, totaling Rs 1,18,800.

Which office handles property registrations for Arumuganaavalar Street?

The Chengleput Joint II Sub Registrar Office handles property registrations for Arumuganaavalar Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.