Guideline Value for Saint Johns School Street

Saint Johns School Street guideline value

The current guideline value of Saint Johns School Street is Rs 2,640 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Saint Johns School Street has changed

The guideline value for Saint Johns School Street has seen several revisions over the years. In 2012, the value was set at Rs 2,400 per sq.ft. This figure was revised to Rs 1,608 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,400 per sq.ft, representing a 49% rise. The most recent revision in 2024 raised the guideline value to Rs 2,640 per sq.ft, a 10% increase from the previous year.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, placing the 2024 guideline value of Saint Johns School Street above this median.

• Sai Raghava Nagar: Rs 2,640 per sq.ft (2024)
• Sakthi nagar: Rs 2,640 per sq.ft (2024)
• Sai Avenue: Rs 1,980 per sq.ft (2024)
• Sadagopan Nagar: Rs 2,310 per sq.ft (2024)
• Rukmani Street: Rs 1,980 per sq.ft (2024)
• Ruby's Shoba Castle: Rs 3,740 per sq.ft (2024)

Stamp duty and registration fee for property in Saint Johns School Street

For a 1,000 sq.ft plot at the current rate of Rs 2,640 per sq.ft, the guideline value amounts to Rs 26,40,000. The stamp duty at 7% would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, totaling Rs 2,37,600. It is important to note that 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 Saint Johns School Street?

The Sub Registrar Office that covers Saint Johns School Street 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 Perungalathur

The guideline value is an essential figure used during the registration of property transactions in Perungalathur. It helps determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, understanding the guideline value is crucial for both buyers and sellers. It ensures that all parties are aware of the official valuation set by the government, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Saint Johns School Street?

The current guideline value of Saint Johns School Street is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,400 per sq.ft in 2012 to Rs 1,608 per sq.ft in 2017, then to Rs 2,400 per sq.ft in 2023, and finally to Rs 2,640 per sq.ft in 2024.

What is the stamp duty rate for property in Saint Johns School Street?

The stamp duty rate for property transactions in Saint Johns School Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Padappai Sub Registrar Office located?

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

What are the guideline values of other streets in Perungalathur?

Other streets in Perungalathur have varying guideline values. For example, Sai Raghava Nagar and Sakthi nagar both have a guideline value of Rs 2,640 per sq.ft, while Sai Avenue is at Rs 1,980 per sq.ft.