Guideline Value for PANDIAN STREET (WARD -5)

Pandian Street (Ward -5) guideline value

The current guideline value of Pandian Street (Ward -5) 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. The land classification for this area is Residential Special Type - V.

How the guideline value of Pandian Street (Ward -5) has changed

The guideline value for Pandian Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, which is a 10% increase from Rs 1,200 per sq.ft in the 2023 revision. Prior to that, the value was Rs 804 per sq.ft in 2017, reflecting a significant increase of 49% from that year to 2023. In 2012, the value was Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 figure.

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

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 value for these streets is Rs 1,100 per sq.ft, placing Pandian Street's 2024 figure above this median.

• Pandidurai Devar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Panankottur (Ward -15): Rs 440 per sq.ft (2024)
• Pammal K. Sampanthar Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Pambaikal Street (Per): Rs 660 per sq.ft (2024)
• Pambaikaal Street (Ward -15): Rs 440 per sq.ft (2024)
• Parimezhagar Street (Ward -6): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Pandian Street (Ward -5)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, resulting in a total of Rs 1,18,800. It is important to note that 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 information.

Which Sub Registrar Office covers Pandian Street (Ward -5)?

The Sub Registrar Office covering Pandian Street (Ward -5) 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, visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

Frequently asked questions

What is the current guideline value of Pandian Street (Ward -5)?

The current guideline value of Pandian Street (Ward -5) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 10%, from Rs 1,200 per sq.ft to Rs 1,320 per sq.ft.

What was the guideline value in 2017?

The guideline value for Pandian Street in 2017 was Rs 804 per sq.ft, which was significantly lower than the current value.

Are there any years without a guideline value for this street?

Yes, the register has no figures for the years 2002, 2003, and 2007 for Pandian Street (Ward -5).

Where can I find more information about stamp duty and registration fees?

For detailed information on stamp duty and registration fees, you can use the stamp duty and registration fee calculator available on our website.