Guideline Value for VEERAN ALAGUMUTHU CONE (WARD -8)

Veeran Alagumuthu Cone (Ward -8) guideline value

The current guideline value of Veeran Alagumuthu Cone (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is located in Sattamangalam village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - III.

How the guideline value of Veeran Alagumuthu Cone (Ward -8) has changed

The guideline value for Veeran Alagumuthu Cone has undergone several revisions over the years. The 2012 revision recorded a value of Rs 1,600 per sq.ft, which was then reduced to Rs 1,072 per sq.ft in the 2017 revision, marking a decrease of 33%. In 2023, the guideline value increased to Rs 1,600 per sq.ft, and the latest revision in 2024 shows a further increase to Rs 1,760 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO, with a 2024 guideline value range from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Veeran Alagumuthu Cone's 2024 figure above this median.

• Veeramamunivar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Veerakavirayar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Vellivithaiar Street (Ward -6): Rs 1,980 per sq.ft (2024)
• Vel 's Doctrs Metro Polis: Rs 1,980 per sq.ft (2024)
• Vasukiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Vasantham Nagar (Kr): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Veeran Alagumuthu Cone (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200, resulting in a total of Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Veeran Alagumuthu Cone (Ward -8)?

The Sub Registrar Office that covers Veeran Alagumuthu Cone (Ward -8) 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 in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately in the official records, reflecting the value of the property in accordance with the latest revisions. This process is essential for maintaining transparency and consistency in real estate transactions.

Frequently asked questions

What is the current guideline value of Veeran Alagumuthu Cone (Ward -8)?

The current guideline value of Veeran Alagumuthu Cone (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then back to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What is the land classification of Veeran Alagumuthu Cone (Ward -8)?

Veeran Alagumuthu Cone (Ward -8) is classified as Residential Special Type - III.

What are the other guideline values in Sattamangalam?

Other streets in Sattamangalam have varying guideline values, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, with Veeran Alagumuthu Cone's value being above this median.

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.