Guideline Value for KATTAPOMMAN SALAI (2ND CROSS ST) (WARD -8)

Kattapomman Salai (2nd Cross St) (Ward -8) guideline value

The current guideline value of Kattapomman Salai (2nd Cross St) (Ward -8) 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. The land classification for this area is Residential Special Type - V.

How the guideline value of Kattapomman Salai (2nd Cross St) (Ward -8) has changed

The guideline value for Kattapomman Salai (2nd Cross St) has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, representing a 49% rise. The most recent revision in 2024 has set the value at Rs 1,320 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 figure to the 2024 figure, there has been a 10% increase.

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. The median guideline value in this village is Rs 1,100 per sq.ft, placing Kattapomman Salai (2nd Cross St) above this median at Rs 1,320 per sq.ft.

• Kavimani Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Karumariamman Koil Street (Ward -15): Rs 440 per sq.ft (2024)
• Karumaan Kuttai (Ward -17): Rs 550 per sq.ft (2024)
• Karpaga Vinayagapuram (Sa): Rs 660 per sq.ft (2024)
• Kodikatha Kumaran 2nd Cross Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kodikatha Kumaran Street (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kattapomman Salai (2nd Cross St) (Ward -8)

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kattapomman Salai (2nd Cross St) (Ward -8)?

The Sub Registrar Office that covers Kattapomman Salai (2nd Cross St) (Ward -8) 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 when buying or selling property in Sattamangalam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives a fair amount of revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kattapomman Salai (2nd Cross St)?

The current guideline value of Kattapomman Salai (2nd Cross St) (Ward -8) 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 2023 to Rs 1,320 per sq.ft in 2024. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012, showing fluctuations over the years.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 13,20,000, the total fees would be Rs 1,18,800.

Which office handles property registrations in this area?

The Chengleput Joint II Sub Registrar Office handles property registrations for Kattapomman Salai (2nd Cross St) (Ward -8). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Kattapomman Salai (2nd Cross St)?

The land classification for Kattapomman Salai (2nd Cross St) (Ward -8) is Residential Special Type - V, indicating its intended use for residential purposes.