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Guideline Value

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Guideline Value for SRI KRISHNA 4TH STREET KORUKANTHANGAL (WARD -18)

₹660/sq.ft.

The guideline value for Sri Krishna 4th Street Korukanthangal (ward -18) in Sattamangalam village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sattamangalam

Village

Chengleput Joint II

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Krishna 4th Street Korukanthangal (ward -18)

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Sri Krishna 4th Street Korukanthangal (Ward -18) guideline value

The current guideline value of Sri Krishna 4th Street Korukanthangal (Ward -18) is Rs 660 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 Class I Type - III.

How the guideline value of Sri Krishna 4th Street Korukanthangal (Ward -18) has changed

In the 2012 revision, the guideline value was set at Rs 600 per sq.ft. This figure remained until the 2017 revision when it decreased to Rs 402 per sq.ft, marking a decline of 33%. The 2023 revision saw a significant increase to Rs 600 per sq.ft, followed by another increase in the 2024 revision to Rs 660 per sq.ft, reflecting a rise of 10% from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that the register has no figure for Sri Krishna 4th Street Korukanthangal for the years 2002, 2003, and 2007.

Guideline values in Sattamangalam

In Sattamangalam, 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 for these streets is Rs 1,100 per sq.ft, indicating that the guideline value of Sri Krishna 4th Street Korukanthangal is below this median.

Stamp duty and registration fee for property in Sri Krishna 4th Street Korukanthangal (Ward -18)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, leading to a total of Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Krishna 4th Street Korukanthangal (Ward -18)?

The Sub Registrar Office that covers Sri Krishna 4th Street Korukanthangal (Ward -18) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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 applicable to the transaction. Buyers must ensure that the guideline value is accurately reflected in their property documents to avoid any discrepancies.

Additionally, the guideline value is essential for both buyers and sellers to understand the legal framework governing property transactions in the area. It helps in ensuring that the property is valued correctly according to the local regulations.

Frequently asked questions

What is the current guideline value of Sri Krishna 4th Street Korukanthangal?

The current guideline value of Sri Krishna 4th Street Korukanthangal (Ward -18) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 600 per sq.ft in 2012, decreasing to Rs 402 per sq.ft in 2017, and then rising to Rs 600 per sq.ft in 2023, followed by an increase to Rs 660 per sq.ft in 2024.

What is the land classification for Sri Krishna 4th Street Korukanthangal?

The land classification for Sri Krishna 4th Street Korukanthangal is Residential Class I Type - III, which indicates its suitability for residential development.

Where is the Chengleput Joint II Sub Registrar Office located?

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 this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would amount to Rs 46,200.