Guideline Value for SATTAMANGALAM PERUMAL KOIL ST (WARD -15)

Sattamangalam Perumal Koil St (Ward -15) guideline value

The current guideline value of Sattamangalam Perumal Koil St (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village under the Chengleput Joint II SRO, classified as Residential Class II Type - II.

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

The guideline value for Sattamangalam Perumal Koil St has seen several revisions over the years. In 2012, the value was Rs 400 per sq.ft, which decreased to Rs 268 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 400 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, positioning Sattamangalam Perumal Koil St's 2024 figure below that median.

• Sattamangalam (Ward -15): Rs 440 per sq.ft (2024)
• Sathya Suriya Garden (Ward -7): Rs 1,321 per sq.ft (2024)
• Sathyasai Sababathi Nagar (Ward -15): Rs 440 per sq.ft (2024)
• Sathyasai Nagar (Ward -15): Rs 660 per sq.ft (2024)
• School Street (Ward -15): Rs 660 per sq.ft (2024)
• School Street (Ward -2): Rs 660 per sq.ft (2024)

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

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, and the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. Please 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 Sattamangalam Perumal Koil St (Ward -15)?

The Sattamangalam Perumal Koil St (Ward -15) falls under 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 Ninna Karai

When buying or selling property in Ninna Karai, the guideline value is a critical factor used during the registration process. It helps determine the applicable stamp duty and registration fees, ensuring that all transactions adhere to the regulations set by the Registration Department.

Buyers and sellers should be aware that the guideline value can vary from street to street, and it is essential to check the specific value for the property in question. This ensures that all financial obligations are met accurately during the transaction.

Frequently asked questions

What is the current guideline value for Sattamangalam Perumal Koil St (Ward -15)?

The current guideline value for Sattamangalam Perumal Koil St (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 to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Sattamangalam Perumal Koil St?

Sattamangalam Perumal Koil St is classified as Residential Class II Type - II according to the guidelines.

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, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Ninna Karai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 4,40,000 would incur a stamp duty of Rs 30,800 at 7%.