Guideline Value for SATTAMANGALAM (WARD -15)

Sattamangalam (Ward -15) guideline value

The current guideline value of Sattamangalam (Ward -15) is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village and falls under the Chengleput Joint II SRO, classified as Residential Class II Type - II.

How the guideline value of Sattamangalam (Ward -15) has changed

Over the years, the guideline value of Sattamangalam has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 500 per sq.ft, and the most recent 2024 revision has further raised it to Rs 550 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

When examining the 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 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Sattamangalam's 2024 figure below this median.

• Sattamangalam Perumal Koil St (Ward -15): Rs 550 per sq.ft (2024)
• Sathya Suriya Garden (Ward -7): Rs 1,320 per sq.ft (2024)
• Sathyasai Sababathi Nagar (Ward -15): Rs 550 per sq.ft (2024)
• Sathyasai Nagar (Ward -15): Rs 661 per sq.ft (2024)
• School Street (Ward -15): Rs 550 per sq.ft (2024)
• School Street (Ward -2): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Sattamangalam (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sattamangalam (Ward -15)?

The Sattamangalam (Ward -15) 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. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Peramanoor, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the sale price must be at least equal to the guideline value to ensure proper registration. This ensures that all transactions are documented accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Sattamangalam (Ward -15)?

The current guideline value of Sattamangalam (Ward -15) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the 2012 revision at Rs 500 per sq.ft, decreasing to Rs 335 per sq.ft in 2017, then increasing to Rs 500 per sq.ft in 2023, and finally reaching Rs 550 per sq.ft in 2024.

What is the classification of land in Sattamangalam (Ward -15)?

The land classification for Sattamangalam (Ward -15) is Residential Class II Type - II.

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

Other streets in Peramanoor include Sattamangalam Perumal Koil St, Sathya Suriya Garden, Sathyasai Sababathi Nagar, Sathyasai Nagar, and School Street, each with varying guideline values.

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. You can also find your specific SRO through the provided link.