Guideline Value for ST.JOHN COLONY

St.John Colony guideline value

The current guideline value of St.John Colony, located in Venkatapuram village under the Chengleput Joint II SRO, is Rs 400 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of St.John Colony has changed

Over the years, the guideline value for St.John Colony has seen several revisions. The earliest recorded value was Rs 40 per sq.ft in 2007, which increased significantly to Rs 400 per sq.ft in 2012. However, it then decreased to Rs 268 per sq.ft in 2017. The value remained at Rs 400 per sq.ft in both 2023 and the upcoming 2024 revision, showing no change from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The overall change from the 2007 revision to the 2024 revision reflects a substantial increase of 900%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Venkatapuram

In Venkatapuram, there are 29 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing St.John Colony's 2024 figure at this median level.

• Sri Lakshmi Narayana Nagar: Rs 400 per sq.ft (2024)
• Vasantham Nagar: Rs 400 per sq.ft (2024)
• Vedhathri Nagar: Rs 500 per sq.ft (2024)
• Sathiya Narayana Nagar: Rs 400 per sq.ft (2024)
• Vijayalakshmi Nagar: Rs 500 per sq.ft (2024)
• Sapthagiri Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in St.John Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers St.John Colony?

The Sub Registrar Office that covers St.John Colony 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 Venkatapuram

The guideline value is a crucial factor when registering property transactions in Venkatapuram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is essential for calculating the stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of St.John Colony?

The current guideline value of St.John Colony is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 40 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, decreased to Rs 268 per sq.ft in 2017, and remained at Rs 400 per sq.ft in 2023 and 2024.

What is the median guideline value in Venkatapuram?

The median guideline value in Venkatapuram is Rs 400 per sq.ft, with St.John Colony's 2024 figure matching this median.

What are the stamp duty and registration fees for property in St.John Colony?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,00,000, with a stamp duty of Rs 28,000 and a registration fee of Rs 8,000, totaling Rs 36,000.

Which office handles property registration for St.John Colony?

The Chengleput Joint II Sub Registrar Office handles property registration for St.John Colony, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.