Guideline Value for PATTUKOTTAI ALAGIRI STREET (WARD -8)

Pattukottai Alagiri Street (Ward -8) guideline value

The current guideline value of Pattukottai Alagiri Street (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Pattukottai Alagiri Street (Ward -8) has changed

The guideline value for Pattukottai Alagiri Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which remained unchanged until the 2017 revision, where it was adjusted to Rs 1,072 per sq.ft, reflecting a decrease of 33%. Subsequently, the value increased significantly to Rs 1,600 per sq.ft in 2023, and then to Rs 1,760 per sq.ft in 2024, marking a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The 2024 figure of Rs 1,760 per sq.ft is the highest recorded for this street, surpassing the previous values.

Guideline values in Sattamangalam

Sattamangalam village has a total of 425 streets under the Chengleput Joint II SRO, with guideline values 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, making the 2024 value of Pattukottai Alagiri Street above the median.

• Pattukottai Kalyana Sundaram Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Pattinathadigal Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Pavendar Salai (Ward -4): Rs 1,980 per sq.ft (2024)
• Peialwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Peramanor Union Road (Per): Rs 990 per sq.ft (2024)
• Perarignar Anna Salai (Ward -6): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pattukottai Alagiri Street (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 cost for these fees 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 details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pattukottai Alagiri Street (Ward -8)?

The Chengleput Joint II Sub Registrar Office covers Pattukottai Alagiri Street (Ward -8). The office is 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 plays a crucial role in property transactions in Sattamangalam. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate applicable fees such as stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Pattukottai Alagiri Street?

The current guideline value of Pattukottai Alagiri Street (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 changed from Rs 1,600 per sq.ft in 2023 to Rs 1,760 per sq.ft in 2024, reflecting a 10% increase. It was Rs 1,072 per sq.ft in 2017 and Rs 1,600 per sq.ft in 2012.

What is the median guideline value in Sattamangalam?

The median guideline value for streets in Sattamangalam is Rs 1,100 per sq.ft. The guideline value for Pattukottai Alagiri Street is above this median.

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

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200, and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which office handles registrations for Pattukottai Alagiri Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Pattukottai Alagiri Street (Ward -8), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.