Guideline Value for DIAMOND AVENUE (PER)

Diamond Avenue (Per) guideline value

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

How the guideline value of Diamond Avenue (Per) has changed

The guideline value for Diamond Avenue (Per) has undergone several revisions over the years. In 2012, the guideline value was set at Rs 600 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 600 per sq.ft in 2023, followed by a rise to Rs 660 per sq.ft in the 2024 revision, reflecting a 10% increase.

From the 2017 revision to 2023, there was a notable increase of 49%. Overall, comparing the values from 2012 to 2024, the guideline value increased by 10%. It is important to note that 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 carrying 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. The guideline value of Diamond Avenue (Per) is below this median.

• Diya Nagar: Rs 660 per sq.ft (2024)
• Devi Prasath Nagar (N): Rs 660 per sq.ft (2024)
• Easwaran Koil Street (Ward -17): Rs 660 per sq.ft (2024)
• Cs Nh1 (Ward -5): Rs 1,320 per sq.ft (2024)
• Cmda Nagar G.S.T. Road (Ward -3): Rs 2,200 per sq.ft (2024)
• Cmda Layout Nennaikarai (Ward -3): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Diamond Avenue (Per)

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 at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. 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 more details.

Which Sub Registrar Office covers Diamond Avenue (Per)?

The Sub Registrar Office covering Diamond Avenue (Per) 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 information.

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 determines the amount of stamp duty and registration fees that must be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value ensures that the transaction is recorded at a value that reflects the government's assessment of property worth in the area. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Diamond Avenue (Per)?

The current guideline value of Diamond Avenue (Per) 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 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What are the other streets with the same guideline value in Sattamangalam?

Other streets in Sattamangalam with the same guideline value of Rs 660 per sq.ft in 2024 include Diya Nagar, Devi Prasath Nagar (N), and Easwaran Koil Street (Ward -17).

What is the stamp duty rate for properties in Diamond Avenue (Per)?

The stamp duty rate for properties in Diamond Avenue (Per) is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Diamond Avenue (Per)?

The Sub Registrar Office for Diamond Avenue (Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.