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Guideline Value

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Guideline Value for KANNADASAN STREET, 3RD LANE (WARD -7)

₹1320/sq.ft.

The guideline value for Kannadasan Street, 3rd Lane (ward -7) in Sattamangalam village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - V. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sattamangalam

Village

Chengleput Joint II

SRO

Residential Special Type - V
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Kannadasan Street, 3rd Lane (ward -7)

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Kannadasan Street, 3rd Lane (Ward -7) guideline value

The current guideline value of Kannadasan Street, 3rd Lane (Ward -7) is Rs 1,320 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 - V.

How the guideline value of Kannadasan Street, 3rd Lane (Ward -7) has changed

Since the 2012 revision, the guideline value has seen several changes. In 2012, the value was Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017, marking a decline of 33%. However, it rebounded significantly to Rs 1,200 per sq.ft in 2023, and then increased by 10% to the current value of Rs 1,320 per sq.ft in 2024.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, 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, 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 the 2024 guideline value of Kannadasan Street, 3rd Lane (Ward -7) above this median.

Stamp duty and registration fee for property in Kannadasan Street, 3rd Lane (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total Rs 1,18,800. Duty is charged on the higher of the guideline value and the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannadasan Street, 3rd Lane (Ward -7)?

The Sub Registrar Office that covers Kannadasan Street, 3rd Lane (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 is a crucial factor during property registration in Sattamangalam. It determines the minimum price at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, which helps in maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Kannadasan Street, 3rd Lane (Ward -7)?

The current guideline value of Kannadasan Street, 3rd Lane (Ward -7) 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 currently stands at Rs 1,320 per sq.ft in 2024.

What are the other streets in Sattamangalam with the same guideline value?

Other streets in Sattamangalam that share the same guideline value of Rs 1,320 per sq.ft for 2024 include Kannadasan Street (Ward -8), Kannadasan Cross Street (Ward -8), and Kannadasan 4th Street (Ward -7).

Where is the Chengleput Joint II SRO located?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles property registrations for the area.

How is stamp duty calculated on properties in Sattamangalam?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.