Guideline Value for ST. THOMAS NAGAR

St. Thomas Nagar guideline value

The current guideline value of St. Thomas Nagar is Rs 485 per sq.ft, effective from 1 July 2024. This area is located in Vichoor_B village under the Thiruvottiyur SRO and is classified as Residential Class I Type - I.

How the guideline value of St. Thomas Nagar has changed

Over the years, the guideline value for St. Thomas Nagar has seen significant changes. The 2017 revision recorded a guideline value of Rs 295 per sq.ft, which increased to Rs 441 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision reflects a further increase to Rs 485 per sq.ft, which is a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for this street in the years 2002, 2003, 2007, and 2012.

Guideline values in Vichoor_B

In Vichoor_B, there are 45 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft. The median value is Rs 485 per sq.ft, which is the same as the guideline value for St. Thomas Nagar.

• Subathra Nagar: Rs 330 per sq.ft (2024)
• Subramani Nagar: Rs 485 per sq.ft (2024)
• Sri Ramnagar Extn: Rs 485 per sq.ft (2024)
• Sri Ram Nagar: Rs 485 per sq.ft (2024)
• Sri Ram Ganapathi Nagar: Rs 485 per sq.ft (2024)
• Srinivasa Nagar: Rs 485 per sq.ft (2024)

Stamp duty and registration fee for property in St. Thomas Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 485 per sq.ft, the total guideline value amounts to Rs 4,85,000. The stamp duty at 7% would be Rs 33,950, and the registration fee at 2% would be Rs 9,700, bringing the total fees together to Rs 43,650. 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 more details.

Which Sub Registrar Office covers St. Thomas Nagar?

St. Thomas Nagar falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vichoor_B. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees payable.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value set by the Registration Department. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of St. Thomas Nagar?

The current guideline value of St. Thomas Nagar is Rs 485 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 295 per sq.ft to Rs 485 per sq.ft, representing a total increase of 64% over the years.

What is the stamp duty rate for properties in St. Thomas Nagar?

The stamp duty rate for properties in St. Thomas Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What are the other streets in Vichoor_B with guideline values?

Other streets in Vichoor_B with guideline values include Subathra Nagar, Subramani Nagar, Sri Ramnagar Extn, Sri Ram Nagar, Sri Ram Ganapathi Nagar, and Srinivasa Nagar, with values ranging from Rs 330 to Rs 485 per sq.ft.