Guideline Value for PAAVENDAR STEET (WARD -6)

Paavendar Steet (Ward -6) guideline value

The current guideline value of Paavendar Steet (Ward -6) is Rs 1,980 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 Special Type - II.

How the guideline value of Paavendar Steet (Ward -6) has changed

The guideline value for Paavendar Steet has undergone several revisions over the years. The earliest available figure is from 2012, where the value was Rs 1,800 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,206 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 1,800 per sq.ft, and the latest revision in 2024 has set the value at Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

Notably, the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sattamangalam

In Sattamangalam village, 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 value for these streets is Rs 1,100 per sq.ft, positioning Paavendar Steet's current figure above this median.

• Paaventhar Street (Ward -5): Rs 1,980 per sq.ft (2024)
• Paavanar Street (Ward -4): Rs 1,760 per sq.ft (2024)
• Paaventhar Street (Ward -7): Rs 1,980 per sq.ft (2024)
• Ottakoothar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Osiya Nagar: Rs 990 per sq.ft (2024)
• Om Sakthi Street (Ward -15): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Paavendar Steet (Ward -6)

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, together totaling Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Paavendar Steet (Ward -6)?

The Sub Registrar Office that covers Paavendar Steet (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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 registered, ensuring that the transaction is recorded accurately for taxation purposes.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with property transactions. This ensures transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Paavendar Steet (Ward -6)?

The current guideline value of Paavendar Steet (Ward -6) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification of Paavendar Steet (Ward -6)?

Paavendar Steet (Ward -6) is classified as Residential Special Type - II. This classification impacts the guideline value and the types of properties that can be developed in the area.

Where can I find the Sub Registrar Office for Paavendar Steet (Ward -6)?

The Sub Registrar Office for Paavendar Steet (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Paavendar Steet (Ward -6)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at a rate of 7%.