Guideline Value for Ettiyamman Koil Street

Ettiyamman Koil Street guideline value

The current guideline value of Ettiyamman Koil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Vada Mangalam village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ettiyamman Koil Street has changed

The guideline value for Ettiyamman Koil Street has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This remained unchanged in the 2017 revision, where the value was Rs 134 per sq.ft, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 200 per sq.ft. The 2024 revision has maintained this value with no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has shown no change, remaining at Rs 200 per sq.ft.

Guideline values in Vada Mangalam

In Vada Mangalam, there are 23 streets under the Sunguvarchattram SRO that have a guideline value for 2024, ranging from Rs 200 to Rs 400 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Ettiyamman Koil Street's 2024 figure below that median.

• Gandhi Street: Rs 200 per sq.ft (2024)
• Indhira Nagar: Rs 350 per sq.ft (2024)
• Iswarya Lakshmi Nagar: Rs 350 per sq.ft (2024)
• Iswarya Nagar: Rs 350 per sq.ft (2024)
• Bharathiyar Street: Rs 200 per sq.ft (2024)
• Kakkan Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Ettiyamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ettiyamman Koil Street?

The Sub Registrar Office that covers Ettiyamman Koil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Vada Mangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Ettiyamman Koil Street?

The current guideline value of Ettiyamman Koil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a decrease to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for Ettiyamman Koil Street?

Ettiyamman Koil Street is classified as Residential Class II Type - I, indicating its intended use for residential purposes.

What are the other streets in Vada Mangalam?

Other streets in Vada Mangalam include Gandhi Street, Indhira Nagar, Iswarya Lakshmi Nagar, Iswarya Nagar, Bharathiyar Street, and Kakkan Street, with varying guideline values.

Where can I find the Sub Registrar Office for Ettiyamman Koil Street?

The Sub Registrar Office for Ettiyamman Koil Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.