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 660 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

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

Over the years, the guideline value of Villier Street Sattamangalam has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value increased significantly in the subsequent revisions, rising to Rs 600 per sq.ft in 2023 and then to Rs 660 per sq.ft in 2024, reflecting a 10% increase from the previous year and an overall increase of 10% from the 2012 revision.

The register has no figures for the years 2002, 2003, and 2007 for this street. The guideline value thus shows a historical fluctuation, with a notable increase of 49% from 2017 to 2023.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Villier Street's 2024 figure below that 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 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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, 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

When buying or selling property in Sattamangalam, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. The guideline value is used as a benchmark for calculating these fees, ensuring that the transaction is recorded at a fair value as per government regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. This value is updated periodically, reflecting changes in the real estate market and local developments.

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 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, showing a 10% increase. It was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012.

What is the land classification for Villier Street Sattamangalam?

Villier Street Sattamangalam is classified as Residential Class I Type - III. This classification indicates the type of development allowed in the area.

Where can I find the Chengleput Joint II SRO?

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

What are the stamp duty and registration fees for properties in Villier Street Sattamangalam?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400. These fees are calculated based on the guideline value or sale price, whichever is higher.