Guideline Value for PUGAZHENDI STREET (WARD -6)

Pugazhendi Street (Ward -6) guideline value

The current guideline value of Pugazhendi Street (Ward -6) 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, with a land classification of Residential Special Type - V.

How the guideline value of Pugazhendi Street (Ward -6) has changed

The guideline value for Pugazhendi Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 1,200 per sq.ft, and the most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft.

From 2012 to 2017, there was a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%. The latest change from 2023 to 2024 reflects a 10% rise. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 guideline value in this village is Rs 1,100 per sq.ft, placing Pugazhendi Street's 2024 figure above that median.

• Puranaru Street (N): Rs 1,320 per sq.ft (2024)
• Puthumaipithan Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Priya Nagar (Sa): Rs 660 per sq.ft (2024)
• Raagavalu Naidu Street (Ward -17): Rs 660 per sq.ft (2024)
• Pride: Rs 550 per sq.ft (2024)
• Ragavendra Nagar (N): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Pugazhendi Street (Ward -6)

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, making the total fees together 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pugazhendi Street (Ward -6)?

The Sub Registrar Office that covers Pugazhendi Street (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. 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 in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the actual sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Pugazhendi Street (Ward -6)?

The current guideline value of Pugazhendi Street (Ward -6) 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 median guideline value in Sattamangalam?

The median guideline value in Sattamangalam is Rs 1,100 per sq.ft, with Pugazhendi Street's current value above this median.

What are the stamp duty rates for properties in Pugazhendi Street?

The stamp duty for properties in Pugazhendi Street is charged at a rate of 7% on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Pugazhendi Street located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, covering Pugazhendi Street (Ward -6).