Guideline Value for ST NAGAR

St Nagar guideline value

The current guideline value of St Nagar, located in Padappai village under the Padappai SRO, is Rs 1,330 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Mixed Type - III.

How the guideline value of St Nagar has changed

In the 2017 revision, the guideline value for St Nagar was Rs 1,206 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 1,330 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that carry a guideline value for 2024, ranging from Rs 440 to Rs 4,000 per sq.ft. The median value among these streets is Rs 830 per sq.ft, placing St Nagar's 2024 guideline value above this median.

• StepStone: Rs 3,300 per sq.ft (2024)
• S S R Avenue: Rs 830 per sq.ft (2024)
• Sri Venkateshwara Nagar: Rs 1,320 per sq.ft (2024)
• Sri Velan Nagar: Rs 830 per sq.ft (2024)
• Sri Thanthoniyamman Nagar: Rs 830 per sq.ft (2024)
• Sugh Dev Residency: Rs 3,000 per sq.ft (2024)

Stamp duty and registration fee for property in St Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,330 per sq.ft, the total guideline value would be Rs 13,30,000. The stamp duty at 7% would amount to Rs 93,100, and the registration fee at 2% would be Rs 26,600, bringing the total cost for these fees to Rs 1,19,700. 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 further calculations.

Which Sub Registrar Office covers St Nagar?

The Sub Registrar Office that covers St Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Padappai. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions are conducted legally and transparently.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of St Nagar?

The current guideline value of St Nagar is Rs 1,330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 10% to Rs 1,330 per sq.ft in 2024, with no changes recorded in 2023.

What is the land classification for St Nagar?

The land classification for St Nagar is Mixed Type - III, indicating a blend of residential and commercial uses.

Where can I find the Sub Registrar Office for St Nagar?

The Sub Registrar Office for St Nagar is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in St Nagar?

Stamp duty for properties in St Nagar is calculated at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.