Guideline Value for VILLIER STREET SATTAMANGALAM (WARD -15)

Villier Street Sattamangalam (Ward -15) guideline value

The current guideline value of Villier Street Sattamangalam (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Villier Street Sattamangalam (Ward -15) has changed

The guideline value for Villier Street Sattamangalam has seen several revisions over the years. In the 2012 revision, the value was set at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 400 per sq.ft in the 2023 revision, and finally, it rose to Rs 440 per sq.ft in the 2024 revision. There are no figures available in the register for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decline of 33%. However, the value increased by 49% from 2017 to 2023. The overall change from 2012 to 2024 reflects a slight increase of 10% in the guideline value per sq.ft.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Villier Street Sattamangalam's 2024 figure below this median.

• Villier Colony (Ward -2): Rs 440 per sq.ft (2024)
• Villiery Palayam (Ward -15): Rs 440 per sq.ft (2024)
• Vijayappa Naidu Street: Rs 440 per sq.ft (2024)
• Vijayanaidu Street (Ward -17): Rs 550 per sq.ft (2024)
• Vip Enclave: Rs 1,760 per sq.ft (2024)
• Vignesh Nagar Ninnaikarai (Ward -19): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Villier Street Sattamangalam (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Villier Street Sattamangalam (Ward -15)?

The Sub Registrar Office that covers Villier Street Sattamangalam (Ward -15) 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 Kattankollatur

The guideline value plays a crucial role in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is documented at a recognized value.

When a property is registered, the guideline value is referenced to determine the applicable fees. Buyers and sellers must be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Villier Street Sattamangalam?

The current guideline value of Villier Street Sattamangalam (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Villier Street Sattamangalam?

The land classification for Villier Street Sattamangalam is Residential Class II Type - II.

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.

How is stamp duty calculated for properties in Kattankollatur?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 4,40,000, the stamp duty at 7% would be Rs 30,800.