Guideline Value for VETHANAYAGAM STREET(WARD -8)

Vethanayagam Street(Ward -8) guideline value

The current guideline value of Vethanayagam Street(Ward -8) is Rs 1,760 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 - III.

How the guideline value of Vethanayagam Street(Ward -8) has changed

The guideline value for Vethanayagam Street(Ward -8) has seen several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,072 per sq.ft. The 2023 revision increased the value to Rs 1,600 per sq.ft, and the latest 2024 revision has raised it further to Rs 1,760 per sq.ft, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

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 value among these streets is Rs 1,100 per sq.ft, placing Vethanayagam Street(Ward -8) above this median.

• Venkateswaran Nagar (Per): Rs 660 per sq.ft (2024)
• Vgn Southern Colony (Kr): Rs 1,980 per sq.ft (2024)
• Venkatesapuram Colony (Kr): Rs 660 per sq.ft (2024)
• Vel 's Doctrs Metro Polis: Rs 1,980 per sq.ft (2024)
• Vignesh Nagar (N): Rs 660 per sq.ft (2024)
• Vellivithaiar Street (Ward -6): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Vethanayagam Street(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 amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, totaling Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your exact stamp duty and registration fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vethanayagam Street(Ward -8)?

The Sub Registrar Office that covers Vethanayagam Street(Ward -8) 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 the registration process of property transactions in Sattamangalam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is officially documented and recognized by the authorities.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial aspects of the property transaction. Understanding these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Vethanayagam Street(Ward -8)?

The current guideline value of Vethanayagam Street(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 2023 to Rs 1,760 per sq.ft in 2024. It was Rs 1,072 per sq.ft in 2017 and Rs 1,600 per sq.ft in 2012.

What are the other streets in Sattamangalam with their guideline values?

Other streets in Sattamangalam include Venkateswaran Nagar at Rs 660 per sq.ft, Vgn Southern Colony at Rs 1,980 per sq.ft, and Vel 's Doctrs Metro Polis at Rs 1,980 per sq.ft, among others.

What is the registration fee for property in Vethanayagam Street(Ward -8)?

The registration fee for property in Vethanayagam Street(Ward -8) is calculated based on the guideline value. For instance, for a property valued at Rs 17,60,000, the registration fee would be Rs 35,200 at 2%.

Where can I find the Sub Registrar Office for Vethanayagam Street(Ward -8)?

The Sub Registrar Office covering Vethanayagam Street(Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.