Guideline Value for MURUGAN SINTIGATE (SA)

Murugan Sintigate (Sa) guideline value

The current guideline value of Murugan Sintigate (Sa) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of Murugan Sintigate (Sa) has changed

The guideline value for Murugan Sintigate (Sa) has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was a decrease of 33% from Rs 402 per sq.ft in the 2017 revision. The value remained unchanged until the 2023 revision, where it increased to Rs 600 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 660 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available 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 that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Murugan Sintigate (Sa) below that median.

• Muthumariamman Koil Street (Ward -15): Rs 440 per sq.ft (2024)
• Mullai Nagar (Kr): Rs 440 per sq.ft (2024)
• Muthumariamman Koil Street (Ward -17): Rs 550 per sq.ft (2024)
• Muthumari Street (Kr): Rs 660 per sq.ft (2024)
• Muthu Nagar Kattankilathur (Ward -17): Rs 550 per sq.ft (2024)
• Muthuramalinga Sethupathy Salai(1st Cross St) (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Murugan Sintigate (Sa)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. 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 Murugan Sintigate (Sa)?

The Sub Registrar Office covering Murugan Sintigate (Sa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within 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 in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the state receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Murugan Sintigate (Sa)?

The current guideline value of Murugan Sintigate (Sa) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, a 10% increase. It was Rs 600 per sq.ft in 2012, decreased to Rs 402 per sq.ft in 2017, and then increased to Rs 600 per sq.ft in 2023.

What is the land classification for Murugan Sintigate (Sa)?

Murugan Sintigate (Sa) is classified as Residential Class I Type - III. This classification is important for understanding the permissible uses and regulations for properties in this area.

What are the stamp duty and registration fees for property in Murugan Sintigate (Sa)?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles registrations for Murugan Sintigate (Sa)?

The Chengleput Joint II Sub Registrar Office handles registrations for Murugan Sintigate (Sa). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.