Guideline Value for ST.MARYS NAGAR

St.Marys Nagar guideline value

The current guideline value of St.Marys Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Venmanamputhur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class II Type - II.

How the guideline value of St.Marys Nagar has changed

The guideline value for St.Marys Nagar has seen several revisions over the years. In 2012, the value was set at Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in 2017. Following this, the value increased significantly by 49% to Rs 200 per sq.ft in 2023. The latest revision in 2024 has kept the value stable at Rs 200 per sq.ft, reflecting no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Venmanamputhur

In Venmanamputhur village, there are 54 streets under the Tiruvallur Joint 1 SRO carrying a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft, with a median value of Rs 200 per sq.ft. St.Marys Nagar's 2024 figure aligns with this median.

• Subbaraya Nagar: Rs 200 per sq.ft (2024)
• Subbaraya Nagar Annex: Rs 200 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 200 per sq.ft (2024)
• Sri Sai Sakthi Nagar: Rs 200 per sq.ft (2024)
• Sri Ranga Natha Nagar: Rs 200 per sq.ft (2024)
• Suriya Nagar: Rs 250 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total fees Rs 18,000. 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 St.Marys Nagar?

The Sub Registrar Office covering St.Marys Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Venmanamputhur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When you register a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue based on the property's value.

Frequently asked questions

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

The current guideline value of St.Marys Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification of St.Marys Nagar?

St.Marys Nagar is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property in St.Marys Nagar?

For a 1,000 sq.ft plot valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles the registration for St.Marys Nagar?

The registration for St.Marys Nagar is handled by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.