Guideline Value for KARUMAAN KUTTAI (WARD -17)

Karumaan Kuttai (Ward -17) guideline value

The current guideline value of Karumaan Kuttai (Ward -17) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Karumaan Kuttai (Ward -17) has changed

The guideline value for Karumaan Kuttai 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. Following this, the 2023 revision increased the value to Rs 500 per sq.ft, and the most recent 2024 revision has set it at Rs 550 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes between revisions show a significant increase of 49% from 2017 to 2023, while the value dropped by 33% from 2012 to 2017. 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 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, making the current value of Rs 550 per sq.ft for Karumaan Kuttai below this median.

• Karumariamman Koil Street (Ward -15): Rs 440 per sq.ft (2024)
• Karpaga Vinayagapuram (Sa): Rs 660 per sq.ft (2024)
• Karikilaar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Karikaalan Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Karaikal Ammiyar Street (Per): Rs 1,320 per sq.ft (2024)
• Kattapomman Salai (2nd Cross St) (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Karumaan Kuttai (Ward -17)

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 important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Karumaan Kuttai (Ward -17)?

The Sub Registrar Office that covers Karumaan Kuttai (Ward -17) 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Sattamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential to consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Karumaan Kuttai (Ward -17)?

The current guideline value of Karumaan Kuttai (Ward -17) 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 back to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Karumaan Kuttai (Ward -17)?

The land classification for Karumaan Kuttai (Ward -17) is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Karumaan Kuttai (Ward -17)?

The Sub Registrar Office for Karumaan Kuttai (Ward -17) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the stamp duty rate for properties in Karumaan Kuttai (Ward -17)?

The stamp duty rate for properties in Karumaan Kuttai (Ward -17) is 7% of the guideline value or the sale price, whichever is higher.