Guideline Value for ILANTHIRAIAN STREET (WARD -6)

Ilanthiraian Street (Ward -6) guideline value

The current guideline value of Ilanthiraian Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - V.

How the guideline value of Ilanthiraian Street (Ward -6) has changed

The guideline value for Ilanthiraian Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, this value increased significantly in the following revisions, with the 2023 revision raising it to Rs 1,200 per sq.ft, and the latest 2024 revision further increasing it to Rs 1,320 per sq.ft, a change of 10% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam village, there are 425 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Ilanthiraian Street's 2024 figure above this median.

• Ilavazhaganar Street (Ward -7): Rs 1,760 per sq.ft (2024)
• Ilawalahar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Imayavaramban Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Indhu Garden (Sa): Rs 660 per sq.ft (2024)
• India Piston (Pa): Rs 550 per sq.ft (2024)
• Indira Ganthi Nagar (N): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Ilanthiraian Street (Ward -6)

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the 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, totaling Rs 1,18,800. 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 Ilanthiraian Street (Ward -6)?

The Sub Registrar Office covering Ilanthiraian Street (Ward -6) 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 more information.

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

The guideline value is an essential factor in property transactions, as it determines the minimum price at which a property can be registered. When buying or selling property in Sattamangalam, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official valuation.

It is important for buyers and sellers to be aware of the current guideline value, as it can influence the overall cost of a property transaction. Understanding these values helps in making informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Ilanthiraian Street (Ward -6)?

The current guideline value of Ilanthiraian Street (Ward -6) 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 is the median guideline value in Sattamangalam?

The median guideline value in Sattamangalam is Rs 1,100 per sq.ft, with Ilanthiraian Street's value above this median at Rs 1,320 per sq.ft.

What are the stamp duty and registration fees for property in Ilanthiraian Street?

For a 1,000 sq.ft plot at the guideline value of Rs 1,320 per sq.ft, the total stamp duty and registration fees would amount to Rs 1,18,800, based on the guideline value of Rs 13,20,000.

Which office handles registrations for Ilanthiraian Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Ilanthiraian Street (Ward -6), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.