Guideline Value for CALDWELL STREET (WARD -7)

Caldwell Street (Ward -7) guideline value

The current guideline value of Caldwell 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. The land classification for this area is Residential Special Type - V.

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

The guideline value for Caldwell Street (Ward -7) has undergone several revisions over the years. In 2012, the value was Rs 1,200 per sq.ft, which later decreased to Rs 804 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 1,200 per sq.ft. The most recent revision in 2024 has set the value at Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 figure to the 2024 figure, there has been a 10% increase.

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 value among these streets is Rs 1,100 per sq.ft, placing Caldwell Street's 2024 figure above that median.

• B R Nagar (Sa): Rs 660 per sq.ft (2024)
• Chakaravarthy Nagar (N): Rs 660 per sq.ft (2024)
• Boothapandian Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Blue Chip Residency (Kr): Rs 990 per sq.ft (2024)
• Chelliyamman Kovil Street(Kr): Rs 660 per sq.ft (2024)
• Bhuvaneshwari Nagar (Per): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Caldwell 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 at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more precise calculations.

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

The Sub Registrar Office that covers Caldwell Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Sattamangalam. It serves as a reference point for determining the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value to ensure compliance with local regulations during property transactions.

When registering a property, the guideline value is used to assess the applicable duties and fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value per sq.ft.

Frequently asked questions

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

The current guideline value of Caldwell 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 back to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,320 per sq.ft in 2024.

What is the land classification for Caldwell Street (Ward -7)?

The land classification for Caldwell Street (Ward -7) is Residential Special Type - V.

What are the stamp duty and registration fees for properties in Caldwell Street (Ward -7)?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Caldwell Street (Ward -7)?

The Chengleput Joint II Sub Registrar Office handles registrations for Caldwell Street (Ward -7), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.