Guideline Value for GULASEKARAALWAR STREET (WARD -5)

Gulasekaraalwar Street (Ward -5) guideline value

The current guideline value of Gulasekaraalwar Street (Ward -5) is Rs 1,320 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 Special Type - V.

How the guideline value of Gulasekaraalwar Street (Ward -5) has changed

The guideline value of Gulasekaraalwar Street has seen several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Sattamangalam

In Sattamangalam, there are 425 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 the village is Rs 1,100 per sq.ft, positioning Gulasekaraalwar Street's 2024 figure above this median.

• Gunaveerar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Gundalakesi Street (Ward -8): Rs 1,320 per sq.ft (2024)
• G.S.T. Road (Ward -18): Rs 2,200 per sq.ft (2024)
• Haripriya Nagar (N): Rs 660 per sq.ft (2024)
• Gopolapuram (Sa): Rs 660 per sq.ft (2024)
• Gopola Krishnan Nagar (Kr): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Gulasekaraalwar Street (Ward -5)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. 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 Gulasekaraalwar Street (Ward -5)?

The Sub Registrar Office that covers Gulasekaraalwar Street (Ward -5) 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 assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sattamangalam. It serves as the minimum value for property transactions, ensuring that the property is registered at a fair value as determined by the government.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Gulasekaraalwar Street?

The current guideline value of Gulasekaraalwar Street (Ward -5) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the other streets with the same guideline value in Sattamangalam?

Other streets in Sattamangalam with the same guideline value of Rs 1,320 per sq.ft in 2024 include Gunaveerar Street (Ward -6) and Gundalakesi Street (Ward -8).

What is the registration fee for properties in Gulasekaraalwar Street?

The registration fee for properties in Gulasekaraalwar Street is calculated at 2% of the guideline value. For example, for a property valued at Rs 13,20,000, the registration fee would be Rs 26,400.

Where is the Sub Registrar Office for Gulasekaraalwar Street located?

The Sub Registrar Office for Gulasekaraalwar Street (Ward -5) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.