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 550 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor 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 set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. However, this value increased significantly to Rs 500 per sq.ft in the 2023 revision, followed by a further increase to Rs 550 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

Between the 2017 and 2023 revisions, the value increased by 49%. The overall change from the 2012 revision to the 2024 revision shows a modest increase of 10%. It is important to note that the register has no figure for this street for the years 2002, 2003, and 2007.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Ettiamman Koil Street Sattamangalam is below this median.

• Ford City (Per): Rs 661 per sq.ft (2024)
• Ganapathi Nagar (Ward -15): Rs 550 per sq.ft (2024)
• Ganapathi Nagar (Ward -19): Rs 661 per sq.ft (2024)
• Ganapathi Puram Kattankolathur (Ward -17): Rs 660 per sq.ft (2024)
• Ganapathy Colony (Sa): Rs 550 per sq.ft (2024)
• Ganapathy Nagar (Kr): Rs 661 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 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total charges to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and 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 Sub Registrar Office that covers Ettiamman Koil Street Sattamangalam (Ward -15) 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 details.

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

The guideline value is a crucial factor in the registration process of property transactions in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the necessary fees, ensuring that both parties are aware of the financial obligations involved. This transparency helps facilitate smoother transactions within the real estate market.

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 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 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 are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 5,50,000, the total stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000.

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

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