Guideline Value for PASUMPON MUTHURAMALINGA DEVAR ST (WARD -8)

Pasumpon Muthuramalinga Devar St (Ward -8) guideline value

The current guideline value of Pasumpon Muthuramalinga Devar St (Ward -8) is Rs 1,760 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 - III.

How the guideline value of Pasumpon Muthuramalinga Devar St (Ward -8) has changed

In the 2012 revision, the guideline value was Rs 1,600 per sq.ft. This figure remained the same until the 2017 revision, which saw a decrease to Rs 1,072 per sq.ft. Following this, the value increased significantly to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise from 2017. The most recent revision in 2024 has further increased the guideline value to Rs 1,760 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

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 for these streets is Rs 1,100 per sq.ft, placing Pasumpon Muthuramalinga Devar St (Ward -8) above this median.

• Pattinathadigal Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Pattukottai Alagiri Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Pattukottai Kalyana Sundaram Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Pavendar Salai (Ward -4): Rs 1,980 per sq.ft (2024)
• Parimezhagar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Peialwar Street (Ward -5): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Pasumpon Muthuramalinga Devar St (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. 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 Pasumpon Muthuramalinga Devar St (Ward -8)?

The Sub Registrar Office that covers Pasumpon Muthuramalinga Devar St (Ward -8) 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 in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and accountability in real estate transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Pasumpon Muthuramalinga Devar St (Ward -8)?

The current guideline value of Pasumpon Muthuramalinga Devar St (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: it was Rs 1,600 per sq.ft in 2012, decreased to Rs 1,072 per sq.ft in 2017, increased to Rs 1,600 per sq.ft in 2023, and is now Rs 1,760 per sq.ft in 2024.

What is the land classification for Pasumpon Muthuramalinga Devar St (Ward -8)?

Pasumpon Muthuramalinga Devar St (Ward -8) is classified as Residential Special Type - III, indicating its suitability for residential development.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would be Rs 1,58,400.

Where can I find the Sub Registrar Office for this street?

The Chengleput Joint II Sub Registrar Office covers Pasumpon Muthuramalinga Devar St (Ward -8) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.