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 Panangottur 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 seen several revisions over the years. The 2012 revision recorded a value of Rs 400 per sq.ft, which then decreased by 33% to Rs 268 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 400 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision sets the guideline value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 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 990 per sq.ft, positioning Ettiamman Koil Street Sattamangalam below this median.

• Ford City (Per): Rs 660 per sq.ft (2024)
• Ganapathi Nagar Colony Extn: 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)

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 fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both the buyer and seller are aware of the financial obligations involved in the transfer of ownership. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Ettiamman Koil Street Sattamangalam?

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?

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.

What is the registration office for this street?

The registration office covering Ettiamman Koil Street Sattamangalam is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 at 7%.