Guideline Value for ROSHAN BABU NAGAR (WARD -19)

Roshan Babu Nagar (Ward -19) guideline value

The current guideline value of Roshan Babu Nagar (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024. This area is part of Sattamangalam village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Roshan Babu Nagar (Ward -19) has changed

The guideline value for Roshan Babu Nagar (Ward -19) has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and most recently, it has risen to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value experienced a notable increase of 49%. However, the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, 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 for the village is Rs 1,100 per sq.ft, indicating that the 2024 figure for Roshan Babu Nagar (Ward -19) is below this median.

• R.R.Nagar: Rs 660 per sq.ft (2024)
• Rukumani Nagar (N): Rs 660 per sq.ft (2024)
• Sabathi Nagar (Per): Rs 440 per sq.ft (2024)
• Sadasivam Salai (Ward -18): Rs 1,320 per sq.ft (2024)
• Sadasivam Salai (Ward -2): Rs 1,320 per sq.ft (2024)
• Sagunthapuram (N): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Roshan Babu Nagar (Ward -19)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, leading to a total cost of Rs 59,400 for these fees. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Roshan Babu Nagar (Ward -19)?

The Sub Registrar Office that covers Roshan Babu Nagar (Ward -19) 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 plays a critical role in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for determining the minimum value for property transactions, ensuring that the sale price is reflective of the market standards set by the government.

When registering a property, buyers and sellers must consider the guideline value to calculate applicable stamp duties and registration fees. These fees are calculated based on the higher value between the guideline value and the actual sale price, ensuring compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Roshan Babu Nagar (Ward -19)?

The current guideline value of Roshan Babu Nagar (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What are the guideline values for other streets in Sattamangalam?

Other streets in Sattamangalam have varying guideline values, with R.R.Nagar and Rukumani Nagar (N) both at Rs 660 per sq.ft, while Sabathi Nagar (Per) is at Rs 440 per sq.ft. Sadasivam Salai (Ward -18 and Ward -2) are higher at Rs 1,320 per sq.ft.

What are the stamp duty and registration fees for property in Roshan Babu Nagar (Ward -19)?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 59,400.

Which office handles the registration for Roshan Babu Nagar (Ward -19)?

The Chengleput Joint II Sub Registrar Office handles the registration for Roshan Babu Nagar (Ward -19), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.