Guideline Value for ILAVAZHAGANAR STREET (WARD -7)

Ilavazhaganar Street (Ward -7) guideline value

The current guideline value of Ilavazhaganar Street (Ward -7) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - III.

How the guideline value of Ilavazhaganar Street (Ward -7) has changed

In the 2012 revision, the guideline value was Rs 1,600 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,072 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it to Rs 1,600 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 1,760 per sq.ft, marking a 10% rise 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 increased by 10%.

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 guideline value is Rs 1,100 per sq.ft, and Ilavazhaganar Street's 2024 figure is above this median.

• Ilanthiraian Street (Ward -6): Rs 1,320 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 Ilavazhaganar Street (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees to Rs 1,58,400. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Ilavazhaganar Street (Ward -7)?

The Sub Registrar Office that covers Ilavazhaganar Street (Ward -7) 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 information.

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

The guideline value plays a crucial role in property transactions in Sattamangalam. When you buy or sell property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value as it directly influences the costs associated with property transactions. Ensuring that you have the correct information can help in planning your finances accordingly.

Frequently asked questions

What is the current guideline value of Ilavazhaganar Street (Ward -7)?

The current guideline value of Ilavazhaganar Street (Ward -7) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 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 Ilavazhaganar Street's 2024 value being above this median.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,58,400, based on the guideline value of Rs 17,60,000.

Where can I find the Sub Registrar Office for Ilavazhaganar Street (Ward -7)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, which covers Ilavazhaganar Street (Ward -7).