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 Panangottur 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

Over the years, the guideline value of Sattamangalam Perumal Koil St has seen several revisions. The earliest available figure is from 2012, where it was set at Rs 400 per sq.ft. In 2017, this figure decreased to Rs 268 per sq.ft, representing a decline of 33%. However, by 2023, the value increased significantly to Rs 400 per sq.ft, and the latest revision in 2024 has raised it further to Rs 440 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back up to Rs 400 per sq.ft. 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 Panangottur

In Panangottur, there are 419 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 value across these streets is Rs 990 per sq.ft, indicating that Sattamangalam Perumal Koil St's 2024 figure is below this median.

• Sattamangalam (Ward -15): Rs 440 per sq.ft (2024)
• Sathya Suriya Garden (Ward -7): Rs 1,320 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 440 per sq.ft (2024)
• School Street (Ward -2): Rs 440 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 would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total fees together to Rs 39,600. 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 detailed calculations.

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 Panangottur

The guideline value is a crucial factor during the registration of property transactions in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that all transactions are conducted transparently and fairly, based on the established rates.

Frequently asked questions

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

The current guideline value of 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 back 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, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 39,600.

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 find more information about your SRO through the provided link.