Guideline Value for POST OFFICE STREET (WARD -15)

Post Office Street (Ward -15) guideline value

The current guideline value of Post Office Street (Ward -15) is Rs 440 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 Class II Type - II.

How the guideline value of Post Office Street (Ward -15) has changed

The guideline value for Post Office Street has seen several revisions over the years. In 2012, the value was Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 400 per sq.ft, representing a 49% rise. The most recent revision in 2024 set the value at Rs 440 per sq.ft, which is a 10% increase from the previous year, 2023.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

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, with a median value of Rs 1,100 per sq.ft. The guideline value of Post Office Street (Ward -15) is below this median.

• Poultry Farm Quarters (Ward -19): Rs 440 per sq.ft (2024)
• Popayar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Poyyamozhi Pulan Street (Per): Rs 1,320 per sq.ft (2024)
• Poongundranar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Poombavaiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Pride: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Post Office Street (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, resulting in a total of Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Post Office Street (Ward -15)?

The Sub Registrar Office that covers Post Office Street (Ward -15) 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 crucial factor when registering property in Sattamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with the registration requirements.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees. This ensures that the transaction is recorded accurately and legally, providing a transparent process for both parties involved.

Frequently asked questions

What is the current guideline value of Post Office Street (Ward -15)?

The current guideline value of Post Office Street (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Post Office Street (Ward -15)?

The land classification for Post Office Street (Ward -15) is Residential Class II Type - II.

What is the stamp duty for property in Post Office Street (Ward -15)?

The stamp duty for property in Post Office Street (Ward -15) is calculated at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Post Office Street (Ward -15) located?

The Sub Registrar Office for Post Office Street (Ward -15) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengleput Joint II SRO.