Guideline Value for KAANTHALIAMMAN KOIL STREET (WARD -15)

Kaanthaliamman Koil Street (Ward -15) guideline value

The current guideline value of Kaanthaliamman Koil Street (Ward -15) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village, under the Chengleput Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Kaanthaliamman Koil Street (Ward -15) has changed

The guideline value for Kaanthaliamman Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value significantly increased to Rs 500 per sq.ft in the 2023 revision, and further rose to Rs 550 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, and when considering the overall change from 2012 to 2024, there has been a total increase of 10% from the initial Rs 500 per sq.ft in 2012 to the current Rs 550 per sq.ft.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that have 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, indicating that Kaanthaliamman Koil Street's 2024 figure of Rs 550 per sq.ft is below this median.

• Kaaraikazhani (Ward -2): Rs 440 per sq.ft (2024)
• J.V.Avenue (Ward -19): Rs 660 per sq.ft (2024)
• Jrk School (N): Rs 1,320 per sq.ft (2024)
• J P Watch Man (Per): Rs 660 per sq.ft (2024)
• Kaithe Millath Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kalaignar Karunanithi Nagar (Ward -2): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Kaanthaliamman Koil Street (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total charges to Rs 49,500. It is important to note that the 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 Kaanthaliamman Koil Street (Ward -15)?

The Kaanthaliamman Koil Street (Ward -15) falls under 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 plays a crucial role during property registration in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

When engaging in a property transaction, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers and sellers should ensure that the sale price is aligned with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kaanthaliamman Koil Street?

The current guideline value of Kaanthaliamman Koil Street (Ward -15) is Rs 550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 10%. The value also saw a significant increase of 49% from 2017 to 2023.

What is the land classification for Kaanthaliamman Koil Street?

Kaanthaliamman Koil Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Kaanthaliamman Koil Street is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the same amount.

Where can I find the Sub Registrar Office for Kaanthaliamman Koil Street?

The Sub Registrar Office covering Kaanthaliamman Koil Street is the Chengleput Joint II SRO, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.