Guideline Value for NAGAVALLIAMMAN KOIL STREET (WARD -2)

Nagavalliamman Koil Street (Ward -2) guideline value

The current guideline value of Nagavalliamman Koil Street (Ward -2) 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 Nagavalliamman Koil Street (Ward -2) has changed

The guideline value for Nagavalliamman Koil Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value stood at Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in the 2017 revision. In the subsequent 2023 revision, the value increased to Rs 1,200 per sq.ft, and the latest revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

Specifically, from 2017 to 2023, there was a significant increase of 49%. However, the 2012 to 2017 period saw a decrease of 33%. 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 village, 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 guideline value is Rs 1,100 per sq.ft, placing Nagavalliamman Koil Street's 2024 figure above this median.

• Nagavalliamman Koil Street (Ward -8): Rs 1,980 per sq.ft (2024)
• Nainar Mohamed Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Nakkeeran Street (Ward -4): Rs 1,760 per sq.ft (2024)
• Nalliagodan Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Nammalwar Street (Ward -5): Rs 1,320 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 Nagavalliamman Koil Street (Ward -2)

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, bringing the total cost for these fees to 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nagavalliamman Koil Street (Ward -2)?

The Sub Registrar Office that covers Nagavalliamman Koil Street (Ward -2) 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 details.

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

The guideline value is a crucial factor when registering property transactions in Sattamangalam. It serves as a benchmark for determining the minimum value at which properties can be sold or purchased, ensuring transparency and fairness in property dealings.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, which can impact the overall cost of the property transaction.

Frequently asked questions

What is the current guideline value of Nagavalliamman Koil Street (Ward -2)?

The current guideline value of Nagavalliamman Koil Street (Ward -2) 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 seen several revisions: Rs 1,200 per sq.ft in 2012, Rs 804 per sq.ft in 2017, Rs 1,200 per sq.ft in 2023, and finally Rs 1,320 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Nagavalliamman Koil Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Nagavalliamman Koil Street (Ward -2), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the median guideline value in Sattamangalam?

The median guideline value in Sattamangalam is Rs 1,100 per sq.ft, with Nagavalliamman Koil Street's 2024 figure of Rs 1,320 per sq.ft being above this median.