Guideline Value for ETTIAMMAN KOIL STREET SATTAMANGALAM (WARD -15)

Ettiamman Koil Street Sattamangalam (Ward -15) guideline value

The current guideline value of Ettiamman Koil Street Sattamangalam (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Ettiamman Koil Street Sattamangalam (Ward -15) has changed

The guideline value for Ettiamman Koil Street Sattamangalam has undergone several revisions over the years. In 2012, the guideline value was Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 400 per sq.ft, marking a rise of 49%. The most recent revision in 2024 has set the value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available in the register for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, which means the guideline value of Ettiamman Koil Street Sattamangalam is below the median.

• Ford City (Per): Rs 660 per sq.ft (2024)
• Ganapathi Nagar (Ward -15): Rs 660 per sq.ft (2024)
• Ganapathi Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Ganapathi Puram Kattankolathur (Ward -17): Rs 550 per sq.ft (2024)
• Ganapathy Colony (Sa): Rs 440 per sq.ft (2024)
• Ganapathy Nagar (Kr): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Ettiamman Koil Street Sattamangalam (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total charges to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ettiamman Koil Street Sattamangalam (Ward -15)?

The Ettiamman Koil Street Sattamangalam (Ward -15) is covered by 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 Ninna Karai

The guideline value is a crucial factor when registering property transactions in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When you buy or sell property in this area, the guideline value will be used to calculate the applicable fees, ensuring that the transaction is compliant with local regulations. This value is essential for both buyers and sellers to understand their financial obligations during property transactions.

Frequently asked questions

What is the current guideline value of Ettiamman Koil Street Sattamangalam (Ward -15)?

The current guideline value of Ettiamman Koil Street Sattamangalam (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Ettiamman Koil Street Sattamangalam?

The land classification for Ettiamman Koil Street Sattamangalam is Residential Class II Type - II, which indicates its suitability for residential development.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would be Rs 39,600.

Where can I find the Sub Registrar Office for this area?

The Chengleput Joint II Sub Registrar Office covers Ettiamman Koil Street Sattamangalam and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.