Guideline Value for PAJANAI KOIL STREET (WARD -18)

Pajanai Koil Street (Ward -18) guideline value

The current guideline value of Pajanai Koil Street (Ward -18) 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, classified as Residential Class II Type - I.

How the guideline value of Pajanai Koil Street (Ward -18) has changed

The guideline value for Pajanai Koil Street has seen several revisions over the years. In 2012, the guideline value was Rs 500 per sq.ft, which changed to Rs 335 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 500 per sq.ft, reflecting a 49% rise. The latest revision in 2024 has set the value at Rs 550 per sq.ft, which is a 10% increase from the previous year.

The register does not have figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Sattamangalam

In Sattamangalam, 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, indicating that Pajanai Koil Street's 2024 figure is below this median.

• Pakthavasalam Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Palla Street Peramanur (Ward -15): Rs 440 per sq.ft (2024)
• Palla Street (Ward -2): Rs 440 per sq.ft (2024)
• Pallavan Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Pambaikaal Street (Ward -15): Rs 440 per sq.ft (2024)
• Pambaikal Street (Per): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Pajanai Koil Street (Ward -18)

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the 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. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pajanai Koil Street (Ward -18)?

The Sub Registrar Office that covers Pajanai Koil Street (Ward -18) 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 in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for determining the minimum value at which property transactions can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Pajanai Koil Street (Ward -18)?

The current guideline value of Pajanai Koil Street (Ward -18) 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 to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Pajanai Koil Street?

Pajanai Koil Street is classified as Residential Class II Type - I under the Chengleput Joint II SRO.

What are the guideline values for other streets in Sattamangalam?

Other streets in Sattamangalam have varying guideline values, ranging from Rs 440 to Rs 1,760 per sq.ft, with Pajanai Koil Street being below the median value of Rs 1,100 per sq.ft.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.