Guideline Value for THONDAIMAN STREET (WARD -5)

Thondaiman Street (Ward -5) guideline value

The current guideline value of Thondaiman Street (Ward -5) 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, classified as Residential Special Type - V.

How the guideline value of Thondaiman Street (Ward -5) has changed

The guideline value for Thondaiman Street has undergone several revisions over the years. In 2012, the value was Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 1,200 per sq.ft in 2023, and then further increased to Rs 1,320 per sq.ft in 2024, marking a 10% rise from the previous year.

Between the revisions, the changes are notable. From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, placing Thondaiman Street's 2024 figure above this median.

• Tholkoppiyar Street (N): Rs 1,320 per sq.ft (2024)
• Thriuvalluvar Street (Village Colony) (Kr): Rs 440 per sq.ft (2024)
• Thiyagarajar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Thiru. V.K. Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thulukkanathamman Koil Street (Ward -18): Rs 660 per sq.ft (2024)
• Thiruvasagar Street (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thondaiman Street (Ward -5)

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 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.

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

Which Sub Registrar Office covers Thondaiman Street (Ward -5)?

The Sub Registrar Office that covers Thondaiman Street (Ward -5) 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 is a crucial factor when registering property transactions in Sattamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value, as it influences the financial obligations related to the transaction. This value is updated periodically, reflecting changes in the real estate market and ensuring that it remains relevant.

Frequently asked questions

What is the current guideline value of Thondaiman Street (Ward -5)?

The current guideline value of Thondaiman Street (Ward -5) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, with the most recent revision in 2024 seeing an increase to Rs 1,320 per sq.ft from Rs 1,200 per sq.ft in 2023, a 10% increase.

What is the land classification for Thondaiman Street (Ward -5)?

Thondaiman Street (Ward -5) is classified as Residential Special Type - V, indicating its suitability for residential development.

Which office handles registrations for Thondaiman Street (Ward -5)?

The Chengleput Joint II Sub Registrar Office handles registrations for Thondaiman Street (Ward -5), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the median guideline value in Sattamangalam?

The median guideline value in Sattamangalam is Rs 1,100 per sq.ft, with Thondaiman Street's 2024 figure of Rs 1,320 per sq.ft being above this median.