Guideline Value for SAPTANK KULAM (WARD -3)

Saptank Kulam (Ward -3) guideline value

The current guideline value for Saptank Kulam (Ward -3) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Sattamangalam village and falls under the Chengleput Joint II SRO, classified as Residential Class II Type - II.

How the guideline value of Saptank Kulam (Ward -3) has changed

Over the years, the guideline value for Saptank Kulam (Ward -3) has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which was then reduced to Rs 268 per sq.ft in the 2017 revision. Following this, the value increased to Rs 400 per sq.ft in the 2023 revision, and most recently, it has risen to Rs 440 per sq.ft in the 2024 revision. The register has no figures for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Sattamangalam

In Sattamangalam village, 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. The median guideline value in this area is Rs 1,100 per sq.ft, placing Saptank Kulam (Ward -3) below that median.

• Sankarandas Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Sanjeevi Nagar (Ward -17): Rs 660 per sq.ft (2024)
• Sangamithirai Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Satamangalam Erikarai Street (Ward -15): Rs 440 per sq.ft (2024)
• Sampath Nagar (Kr): Rs 440 per sq.ft (2024)
• Sathiyasai Nagar (N): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Saptank Kulam (Ward -3)

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

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saptank Kulam (Ward -3)?

The Saptank Kulam (Ward -3) area is covered by 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 details.

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

The guideline value plays a crucial role in property transactions in Sattamangalam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with the regulations set forth by the local authorities.

When a property is sold, the guideline value is referenced to calculate the applicable fees. If the sale price is higher than the guideline value, the duty is charged based on the sale price instead.

Frequently asked questions

What is the current guideline value of Saptank Kulam (Ward -3)?

The current guideline value for Saptank Kulam (Ward -3) 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 to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification of Saptank Kulam (Ward -3)?

Saptank Kulam (Ward -3) is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property in Saptank Kulam (Ward -3)?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 4,40,000. The stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office covers Saptank Kulam (Ward -3)?

The Chengleput Joint II Sub Registrar Office covers Saptank Kulam (Ward -3), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.