Guideline Value for K.S.PURAM PAMBAKAL STREET (WARD -15)

K.S.Puram Pambakal Street (Ward -15) guideline value

The current guideline value of K.S.Puram Pambakal Street (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village under the Chengleput Joint II SRO and falls under the Residential Class II Type - II land classification.

How the guideline value of K.S.Puram Pambakal Street (Ward -15) has changed

The guideline value for K.S.Puram Pambakal Street has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which was later reduced to Rs 268 per sq.ft in the 2017 revision. However, the 2023 revision increased it to Rs 400 per sq.ft, and the current revision in 2024 has further increased it to Rs 440 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, there has been 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 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft as of 2024. The median guideline value in this area is Rs 1,100 per sq.ft, placing K.S.Puram Pambakal Street's 2024 figure below that median.

• Krishtappa Street (Ward -17): Rs 550 per sq.ft (2024)
• Kulakkarai Street Old (Ward -15): Rs 440 per sq.ft (2024)
• Kulakkarai Street Old (Ward -18): Rs 550 per sq.ft (2024)
• Kulakkarai Street (Ward -17): Rs 550 per sq.ft (2024)
• Kumaragurubarar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Kumaranar Street (Ward -5): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in K.S.Puram Pambakal Street (Ward -15)

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.S.Puram Pambakal Street (Ward -15)?

The K.S.Puram Pambakal Street (Ward -15) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Sattamangalam, the guideline value helps in calculating the stamp duty and registration fees, ensuring compliance with local regulations.

During the registration process, the buyer must pay the stamp duty based on the guideline value or the actual sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of K.S.Puram Pambakal Street?

The current guideline value of K.S.Puram Pambakal Street (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and currently to Rs 440 per sq.ft in 2024.

What is the land classification for K.S.Puram Pambakal Street?

K.S.Puram Pambakal Street falls under the Residential Class II Type - II land classification.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sattamangalam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 4,40,000, the stamp duty would be calculated accordingly.