Guideline Value for SUNDARAR STREET (WARD -6)

Sundarar Street (Ward -6) guideline value

The current guideline value of Sundarar 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 Sundarar Street (Ward -6) has changed

The guideline value of Sundarar Street has experienced several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased by 33% to Rs 804 per sq.ft. The value then increased significantly to Rs 1,200 per sq.ft in the 2023 revision, followed by a further increase of 10% to the current rate of Rs 1,320 per sq.ft in the 2024 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for Sundarar Street.

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 per the 2024 revision. The median value for these streets is Rs 1,100 per sq.ft, positioning Sundarar Street's 2024 figure above this median.

• Surendrapuram (N): Rs 660 per sq.ft (2024)
• Swamy Nagar (Kr): Rs 660 per sq.ft (2024)
• Subramania Siva Salai (Ward -8): Rs 1,320 per sq.ft (2024)
• Thaiyumanavar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Thalamuthu Natarajan Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Station Street (Ward -18): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sundarar 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 costs 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 information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Sundarar Street (Ward -6) is 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 details.

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

The guideline value plays a crucial role in property transactions in Sattamangalam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is considered for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation.

During the registration process, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sundarar Street (Ward -6)?

The current guideline value of Sundarar 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 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

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

The land classification for Sundarar Street (Ward -6) is Residential Special Type - V.

What is the median guideline value for streets in Sattamangalam?

The median guideline value for streets in Sattamangalam is Rs 1,100 per sq.ft, with Sundarar Street's value above this median at Rs 1,320 per sq.ft.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by visiting the relevant links provided.