Guideline Value for PAMBAIKAAL STREET (WARD -15)

Pambaikaal Street (Ward -15) guideline value

The current guideline value of Pambaikaal Street (Ward -15) is Rs 440 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 Class II Type - II.

How the guideline value of Pambaikaal Street (Ward -15) has changed

The guideline value for Pambaikaal Street has undergone several revisions over the years. The most recent revision took place in 2024, setting the value at Rs 440 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 400 per sq.ft. Prior to that, in 2017, the guideline value was Rs 268 per sq.ft, marking a significant increase of 49% over the 2017 to 2023 period. In 2012, the value was Rs 400 per sq.ft, which indicates a decrease of 33% from 2017 to 2012. Overall, from 2012 to 2024, the guideline value has increased by 10%.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam village, there are 425 streets under the Chengleput Joint II SRO that have 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, which means that Pambaikaal Street's 2024 figure is below this median.

• Pambaikal Street (Per): Rs 660 per sq.ft (2024)
• Pammal K. Sampanthar Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Panankottur (Ward -15): Rs 440 per sq.ft (2024)
• Pallavan Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Pandian Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Pandidurai Devar Street (Ward -4): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Pambaikaal Street (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800. Therefore, the total cost for stamp duty and registration fees would be Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Pambaikaal Street (Ward -15)?

The Sub Registrar Office that covers Pambaikaal Street (Ward -15) 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 details.

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

The guideline value is a crucial factor when registering properties in Sattamangalam. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted at a fair and standardized value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Pambaikaal Street (Ward -15)?

The current guideline value of Pambaikaal Street (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024, marking a 10% increase. From 2017 to 2023, it increased by 49% from Rs 268 per sq.ft.

What is the land classification for Pambaikaal Street?

Pambaikaal Street is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Chengleput Joint II SRO?

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

How is stamp duty calculated for properties in Sattamangalam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 at a rate of 7%.