Guideline Value for POPAYAR STREET (WARD -7)

Popayar Street (Ward -7) guideline value

The current guideline value of Popayar Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Popayar Street (Ward -7) has changed

Over the years, the guideline value of Popayar Street has seen several revisions. 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. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,320 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007.

In terms of percentage changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The change from 2023 to 2024 reflects a 10% increase. 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 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, positioning Popayar Street's 2024 figure above this median.

• Post Office Street (Ward -15): Rs 440 per sq.ft (2024)
• Poultry Farm Quarters (Ward -19): Rs 440 per sq.ft (2024)
• Poongundranar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Poyyamozhi Pulan Street (Per): Rs 1,320 per sq.ft (2024)
• Poombavaiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Ponniamman Koil Street Peramanur (Ward -15): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Popayar Street (Ward -7)

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, 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 or the sale price.

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

Which Sub Registrar Office covers Popayar Street (Ward -7)?

The Sub Registrar Office that covers Popayar Street (Ward -7) 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 information.

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

The guideline value plays a crucial role during property registration in Sattamangalam. When a property is bought or sold, the guideline value is considered to determine the applicable stamp duty and registration fees. Buyers must be aware that the fees are calculated based on the higher value between the guideline and the sale price.

Additionally, the guideline value is regularly updated to reflect changes in the real estate market, ensuring that the values remain relevant and accurate for property transactions. This helps maintain transparency and fairness in the registration process.

Frequently asked questions

What is the current guideline value of Popayar Street (Ward -7)?

The current guideline value of Popayar Street (Ward -7) 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 increased 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 Popayar Street (Ward -7)?

Popayar Street (Ward -7) is classified as Residential Special Type - V, indicating its intended use for residential purposes.

What are the other streets in Sattamangalam with their guideline values?

Other streets in Sattamangalam include Post Office Street and Poultry Farm Quarters at Rs 440 per sq.ft, while Poongundranar Street, Poyyamozhi Pulan Street, and Poombavaiyar Street are valued at Rs 1,320 per sq.ft.

Where can I find the Chengleput Joint II Sub Registrar Office?

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