Guideline Value for VILLIER STREET SATTAMANGALAM (WARD -15)

Villier Street Sattamangalam (Ward -15) guideline value

The current guideline value for Villier Street Sattamangalam (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls 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 seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which was then reduced to Rs 268 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 400 per sq.ft, a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Panangottur

In Panangottur village, there are a total of 419 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 for these streets is Rs 990 per sq.ft, placing Villier Street Sattamangalam's 2024 figure below the median.

• Villier Colony (Ward -2): Rs 440 per sq.ft (2024)
• Villiery Palayam (Ward -15): 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 (N): Rs 660 per sq.ft (2024)
• Vishnupriya Avenue (Ward -2): 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 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 of these fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office covering Villier Street Sattamangalam (Ward -15) 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 information.

How the guideline value is used when you buy or sell in Panangottur

The guideline value plays a crucial role in property transactions in Panangottur. It serves as a benchmark for determining the minimum value at which a property can be registered. When a property is sold, the buyer must pay stamp duty and registration fees based on this guideline value.

During the registration process, the guideline value ensures that the property is not undervalued, helping to maintain transparency in property transactions. Buyers should be aware that these values are periodically revised, reflecting changes in the real estate landscape.

Frequently asked questions

What is the current guideline value for Villier Street Sattamangalam?

The current guideline value for 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?

Villier Street Sattamangalam is classified as Residential Class II Type - II, indicating its suitability for residential development.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Villier Street Sattamangalam is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Villier Street Sattamangalam located?

The Chengleput Joint II Sub Registrar Office, which covers Villier Street Sattamangalam, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.