Guideline Value for CHELLIYAMMAN KOVIL STREET(KR)

Chelliyamman Kovil Street(Kr) guideline value

The current guideline value of Chelliyamman Kovil Street(Kr) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Chelliyamman Kovil Street(Kr) has changed

The guideline value for Chelliyamman Kovil Street(Kr) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 660 per sq.ft, an increase of 10% from Rs 600 per sq.ft in 2023. Prior to that, the value was Rs 402 per sq.ft in 2017, reflecting a significant increase of 49% over the six years. In 2012, the value was Rs 600 per sq.ft, which was a decrease of 33% from the previous figure.

There are no recorded guideline values for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%, indicating a stable valuation in recent years.

Guideline values in Sattamangalam

Sattamangalam village has a total of 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 area is Rs 1,100 per sq.ft, making the current value of Chelliyamman Kovil Street(Kr) below this median.

• Cheran Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Chakaravarthy Nagar (N): Rs 660 per sq.ft (2024)
• Chitra Nagar (Sa): Rs 660 per sq.ft (2024)
• Caldwell Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Chozhan Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Cmda Layout Nennaikarai (Ward -3): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Chelliyamman Kovil Street(Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty, charged at 7%, would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Chelliyamman Kovil Street(Kr)?

The Sub Registrar Office that covers Chelliyamman Kovil Street(Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration of property transactions. Buyers and sellers should be aware that the guideline value may influence the overall cost of purchasing or selling property in the area.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value.

Frequently asked questions

What is the current guideline value of Chelliyamman Kovil Street(Kr)?

The current guideline value of Chelliyamman Kovil Street(Kr) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, a 10% increase. It was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012, showing a 49% increase from 2017 to 2023 and a decrease of 33% from 2012 to 2017.

What is the land classification for Chelliyamman Kovil Street(Kr)?

Chelliyamman Kovil Street(Kr) is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Sattamangalam?

Stamp duty for properties in Sattamangalam is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 6,60,000, the stamp duty at 7% would amount to Rs 46,200.