Guideline Value for PONMANACHEMMAL STREET (WARD -8)

Ponmanachemmal Street (Ward -8) guideline value

The current guideline value of Ponmanachemmal Street (Ward -8) 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 Ponmanachemmal Street (Ward -8) has changed

The guideline value of Ponmanachemmal Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft, marking a decline of 33%. The next revision in 2023 brought the value back to Rs 1,200 per sq.ft, and in the latest 2024 revision, it increased to Rs 1,320 per sq.ft, reflecting a 10% rise from the previous year.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, when comparing the 2012 revision to the 2024 revision, there has been an increase of 10% 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 value for these streets is Rs 1,100 per sq.ft, placing Ponmanachemmal Street's 2024 figure above this median.

• Ponmudiar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Poigaialwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Ponniamman Koil Street Peramanur (Ward -15): Rs 440 per sq.ft (2024)
• Pilliyar Koil Street (Ward -3): Rs 990 per sq.ft (2024)
• Pilliyar Koil Street (Ward -2): Rs 440 per sq.ft (2024)
• Poombavaiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Ponmanachemmal Street (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

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

The Sub Registrar Office that covers Ponmanachemmal Street (Ward -8) 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 critical factor when buying or selling property in Sattamangalam. It serves as a benchmark for property transactions and is used to calculate the stamp duty and registration fees that must be paid at the time of registration. This ensures that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties and fees. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Ponmanachemmal Street?

The current guideline value of Ponmanachemmal Street (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Ponmanachemmal Street?

The land classification for Ponmanachemmal Street (Ward -8) is Residential Special Type - V.

What are the other streets in Sattamangalam with the same guideline value?

Other streets in Sattamangalam with a guideline value of Rs 1,320 per sq.ft in 2024 include Ponmudiar Street (Ward -6), Poigaialwar Street (Ward -5), and Poombavaiyar Street (Ward -7).

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.