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 Ninna Karai village under the Chengleput Joint II SRO, classified as 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 undergone several revisions over the years. The 2012 revision recorded a guideline value of Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 400 per sq.ft, and the latest revision in 2024 set the value at Rs 440 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for this street in the years 2002, 2003, and 2007.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Villier Street Sattamangalam's 2024 figure below that median.

• Villier Colony (Ward -2): Rs 440 per sq.ft (2024)
• Villiery Palayam (Ward -15): Rs 660 per sq.ft (2024)
• Vijayanaidu Street (Ward -17): Rs 660 per sq.ft (2024)
• Vip Enclave: Rs 1,760 per sq.ft (2024)
• Vignesh Nagar (N): Rs 660 per sq.ft (2024)
• Vishnupriya Avenue Phase -I: Rs 1,650 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 rate of Rs 440 per sq.ft, the 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, totaling Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

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

The Sub Registrar Office that covers Villier Street Sattamangalam 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 Ninna Karai

The guideline value is a crucial factor when registering property transactions in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is standardized and transparent.

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 back up to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the median guideline value in Ninna Karai?

The median guideline value in Ninna Karai is Rs 1,100 per sq.ft, which is higher than the current guideline value of Villier Street Sattamangalam.

What are the stamp duty rates applicable to properties in this area?

The stamp duty rate for properties in Villier Street Sattamangalam is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Villier Street Sattamangalam?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Villier Street Sattamangalam.