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Guideline Value

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Guideline Value for YERIKKARAI STREET (WARD -3)

₹990/sq.ft.

The guideline value for Yerikkarai Street (ward -3) in Sattamangalam village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sattamangalam

Village

Chengleput Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Yerikkarai Street (ward -3)

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Yerikkarai Street (Ward -3) guideline value

The current guideline value of Yerikkarai Street (Ward -3) is Rs 990 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 - II.

How the guideline value of Yerikkarai Street (Ward -3) has changed

The guideline value for Yerikkarai Street has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in 2017. The 2023 revision increased the value to Rs 900 per sq.ft, and the latest revision in 2024 has set the guideline value at Rs 990 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

In summary, the changes between revisions are significant. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, there was a notable increase of 49%. The latest revision from 2023 to 2024 reflects a 10% increase, leading to an overall increase of 10% from the 2012 figure to the current 2024 guideline value.

Guideline values in Sattamangalam

In Sattamangalam village, 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 of these streets is Rs 1,100 per sq.ft, indicating that Yerikkarai Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Yerikkarai Street (Ward -3)

For a 1,000 sq.ft plot at the current rate of Rs 990 per sq.ft, the guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Yerikkarai Street (Ward -3)?

The Sub Registrar Office that covers Yerikkarai Street (Ward -3) 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 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 a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these fees reflect the official value of the property.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. The guideline value is updated periodically, and it is advisable to check the latest figures before proceeding with any property transaction.

Frequently asked questions

What is the current guideline value of Yerikkarai Street (Ward -3)?

The current guideline value of Yerikkarai Street (Ward -3) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, with the most recent increase being from Rs 900 per sq.ft in 2023 to Rs 990 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification for Yerikkarai Street?

Yerikkarai Street is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Yerikkarai Street?

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

How is stamp duty calculated for properties in Sattamangalam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees can amount to Rs 89,100.