Guideline Value for DESIGAR KOIL SANNATHI WARD-2

Desigar Koil Sannathi Ward-2 guideline value

The current guideline value for Desigar Koil Sannathi Ward-2 is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Chengalpattu Natham village, under the Chengleput Joint II SRO, with a land classification of Mixed Type - I.

How the guideline value of Desigar Koil Sannathi Ward-2 has changed

The guideline value for Desigar Koil Sannathi Ward-2 has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,520 per sq.ft, which is a 10% increase from Rs 3,200 per sq.ft in the 2023 revision. Prior to that, the value was Rs 2,144 per sq.ft in 2017, reflecting a significant increase of 49% from the previous figure.

In earlier revisions, the value was Rs 3,200 per sq.ft in 2012, which was a decrease of 33% from the 2017 figure. The register does not provide figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO with 2024 guideline values ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Desigar Koil Sannathi Ward-2 above this median.

• Court Compound Ward-1: Rs 2,200 per sq.ft (2024)
• Dharmaraja Koil Street Ward-4: Rs 2,750 per sq.ft (2024)
• Chunnambukara Street-4: Rs 2,200 per sq.ft (2024)
• Chinna Rathinam Street: Rs 2,200 per sq.ft (2024)
• Chinnamman Kovil Street: Rs 3,300 per sq.ft (2024)
• D.P. Road: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Desigar Koil Sannathi Ward-2

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Desigar Koil Sannathi Ward-2?

The Sub Registrar Office that covers Desigar Koil Sannathi Ward-2 is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Chengalpattu Natham. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

During the registration process, the guideline value is used to determine the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value for Desigar Koil Sannathi Ward-2?

The current guideline value for Desigar Koil Sannathi Ward-2 is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,144 per sq.ft in 2017 to Rs 3,520 per sq.ft in 2024, marking a 10% increase from 2023 and a 49% increase from 2017.

What is the land classification for Desigar Koil Sannathi Ward-2?

The land classification for Desigar Koil Sannathi Ward-2 is Mixed Type - I.

Where is the Sub Registrar Office for this area located?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 at 7%.