Guideline Value for SEETHALAI SATHANAR STREET (WARD -6)

Seethalai Sathanar Street (Ward -6) guideline value

The current guideline value of Seethalai Sathanar Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Seethalai Sathanar Street (Ward -6) has changed

The guideline value for Seethalai Sathanar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the latest 2024 revision has raised it further to Rs 1,320 per sq.ft, marking a 10% increase from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

There are no figures available for the revisions in 2002, 2003, and 2007 for Seethalai Sathanar Street. The changes between the revisions are notable: from 2017 to 2023, there was a significant increase of 49%, while the shift from 2012 to 2017 saw a decline of 33% in the guideline value.

Guideline values in Sattamangalam

Sattamangalam village has a total of 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft as of the 2024 revision. The median guideline value in this village is Rs 1,100 per sq.ft, placing Seethalai Sathanar Street's 2024 figure above this median.

• Seerapuranam Street (N): Rs 1,320 per sq.ft (2024)
• Seevaga Chinthamani Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Seikizhar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• School Street (Ward -2): Rs 440 per sq.ft (2024)
• School Street (Ward -15): Rs 440 per sq.ft (2024)
• Selliamman Koil Street (Ward -17): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Seethalai Sathanar Street (Ward -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. 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 Seethalai Sathanar Street (Ward -6)?

The Sub Registrar Office that covers Seethalai Sathanar Street (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 crucial role in the registration process when buying or selling property in Sattamangalam. It is used to determine the stamp duty and registration fees that are applicable to the transaction. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to consult the guideline value to ensure compliance with legal requirements. This helps in avoiding any discrepancies during the registration process and ensures that all fees are accurately calculated.

Frequently asked questions

What is the current guideline value for Seethalai Sathanar Street (Ward -6)?

The current guideline value for Seethalai Sathanar Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, reflecting a 10% increase. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What are the stamp duty and registration fees for property in Seethalai Sathanar Street (Ward -6)?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 at 7%, and the registration fee would be Rs 26,400 at 2%, totaling Rs 1,18,800. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Seethalai Sathanar Street (Ward -6)?

The Chengleput Joint II Sub Registrar Office covers Seethalai Sathanar Street (Ward -6). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Seethalai Sathanar Street (Ward -6)?

The land classification for Seethalai Sathanar Street (Ward -6) is Residential Special Type - V. This classification is important for understanding the type of development permitted in the area.