Guideline Value for T.N.H.B (WARD -8)

T.N.H.B (Ward -8) guideline value

The current guideline value for T.N.H.B (Ward -8), located in Sattamangalam village under the Chengleput Joint II SRO, is Rs 1,320 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - V.

How the guideline value of T.N.H.B (Ward -8) has changed

The guideline value for T.N.H.B (Ward -8) has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The 2023 revision saw an increase to Rs 1,200 per sq.ft, and the most recent 2024 revision has set the value at Rs 1,320 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Between the revisions, the guideline value has seen significant changes. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from the 2012 figure to the current 2024 value.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing T.N.H.B (Ward -8) above this median with its current value of Rs 1,320 per sq.ft.

• Town Centre M.M.Nagar (Ward -3): Rs 1,760 per sq.ft (2024)
• Thulukkanathamman Koil Street (Ward -18): Rs 660 per sq.ft (2024)
• Thriuvalluvar Street (Village Colony) (Kr): Rs 440 per sq.ft (2024)
• Udaiyar Street Ninnakkarai (Ward -19): Rs 660 per sq.ft (2024)
• Udaiyar Street (Ward -18): Rs 550 per sq.ft (2024)
• Thondaiman Street (Ward -5): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in T.N.H.B (Ward -8)

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, totaling 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.

You can also use the stamp duty and registration fee calculator for more precise calculations based on your specific transaction.

Which Sub Registrar Office covers T.N.H.B (Ward -8)?

The T.N.H.B (Ward -8) is covered by 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

When buying or selling property in Sattamangalam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is established by the government and is used as a reference point for property transactions.

At the time of registration, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives revenue from property transactions in accordance with the market conditions reflected in the guideline value.

Frequently asked questions

What is the current guideline value for T.N.H.B (Ward -8)?

The current guideline value for T.N.H.B (Ward -8) 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 T.N.H.B (Ward -8)?

The land classification for T.N.H.B (Ward -8) is Residential Special Type - V.

What are the guideline values for other streets in Sattamangalam?

Other streets in Sattamangalam have varying guideline values, with rates ranging from Rs 440 to Rs 2,200 per sq.ft. For example, Town Centre M.M.Nagar (Ward -3) has a value of Rs 1,760 per sq.ft.

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, Chengalpattu registration zone.