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

Ettiamman Koil Street Sattamangalam (Ward -15) guideline value

The current guideline value for Ettiamman Koil Street Sattamangalam (Ward -15) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

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

The guideline value for Ettiamman Koil Street has seen several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft, which was reduced to Rs 402 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, representing a 49% rise. The most recent revision in 2024 has set the value at Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for this street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sattamangalam

In Sattamangalam village, there are a total of 425 streets under the Chengleput Joint II SRO that carry 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 for Ettiamman Koil Street is below this median.

• Ford City (Per): Rs 660 per sq.ft (2024)
• Ganapathi Nagar (Ward -15): Rs 440 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 660 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 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to 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 Ettiamman Koil Street Sattamangalam (Ward -15)?

The Sub Registrar Office covering Ettiamman Koil Street Sattamangalam (Ward -15) is 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 further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Sattamangalam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value for Ettiamman Koil Street Sattamangalam (Ward -15) 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 back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024. This reflects various increases and decreases over the years.

What is the land classification for Ettiamman Koil Street Sattamangalam?

Ettiamman Koil Street Sattamangalam is classified as Residential Class I Type - III. This classification indicates the intended use of the land in this area.

What are the registration fees for property transactions?

For a property valued at Rs 6,60,000, the stamp duty is Rs 46,200 and the registration fee is Rs 13,200, totaling Rs 59,400. These fees are based on the guideline value or the sale price, whichever is higher.

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

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of property transactions within the area.