Guideline Value for INDIA PISTON (PA)

India Piston (Pa) guideline value

The current guideline value for India Piston (Pa) is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Sattamangalam village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - I.

How the guideline value of India Piston (Pa) has changed

Over the years, the guideline value of India Piston (Pa) has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft. However, there was a significant increase in the 2023 revision, raising the value to Rs 500 per sq.ft, followed by another increase to Rs 550 per sq.ft in the 2024 revision.

The changes between revisions show a 10% increase from 2023 to 2024, and a notable 49% increase from 2017 to 2023. Despite the fluctuations, the overall change from 2012 to 2024 indicates a 10% increase in the guideline value. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

Sattamangalam village has a total of 425 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for the village is Rs 1,100 per sq.ft, placing the guideline value for India Piston (Pa) below this median.

• Indhu Garden (Sa): Rs 660 per sq.ft (2024)
• Indira Ganthi Nagar (N): Rs 660 per sq.ft (2024)
• Imayavaramban Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Ilawalahar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Ilavazhaganar Street (Ward -7): Rs 1,760 per sq.ft (2024)
• Ilanthiraian Street (Ward -6): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in India Piston (Pa)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is essential 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 India Piston (Pa)?

The Sub Registrar Office covering India Piston (Pa) 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 details.

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 buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is registered accurately according to the prevailing rates.

It is important for buyers and sellers to be aware of the guideline value, as it serves as a benchmark for property pricing and is essential for the legal registration process. Understanding the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value for India Piston (Pa)?

The current guideline value for India Piston (Pa) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for India Piston (Pa)?

India Piston (Pa) is classified as Residential Class II Type - I under the Chengleput Joint II SRO.

How do I calculate stamp duty for property in India Piston (Pa)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 38,500 at a rate of 7%.

Where can I find the Sub Registrar Office for India Piston (Pa)?

The Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, covers India Piston (Pa). You can find more information about your SRO online.