Guideline Value for St Andru Prachar Bharathi Nagar

St Andru Prachar Bharathi Nagar guideline value

The current guideline value of St Andru Prachar Bharathi Nagar is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class V Type - I.

How the guideline value of St Andru Prachar Bharathi Nagar has changed

The guideline value for St Andru Prachar Bharathi Nagar has seen several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in the 2017 revision. The most recent revision in 2024 has increased the guideline value to Rs 990 per sq.ft, marking a significant increase of 64% from the 2017 figure. Overall, from 2012 to 2024, there has been a modest increase of 10%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 for this street in the register.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, indicating that the guideline value of St Andru Prachar Bharathi Nagar is below this median.

• St Anthony Nagar: Rs 1,100 per sq.ft (2024)
• St Anthony Nagar 1st Street (S.No. 884, 885 & 886 only): Rs 2,700 per sq.ft (2024)
• St Anthony Nagar 2nd Street (S.No. 884, 885 & 886 only): Rs 2,700 per sq.ft (2024)
• St Anthony Nagar 3rd Street (S.No. 884, 885 & 886 only): Rs 2,700 per sq.ft (2024)
• St Anthony Nagar 4th Street (S.No. 884, 885 & 886 only): Rs 2,700 per sq.ft (2024)
• St Anthony Nagar 5th Street (S.No. 884, 885 & 886 only): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in St Andru Prachar Bharathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these charges to Rs 89,100. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers St Andru Prachar Bharathi Nagar?

The Sub Registrar Office that covers St Andru Prachar Bharathi Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial aspect when registering property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which properties must be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

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

Frequently asked questions

What is the current guideline value of St Andru Prachar Bharathi Nagar?

The current guideline value of St Andru Prachar Bharathi Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, and then to Rs 990 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2023 for this street.

What is the land classification for St Andru Prachar Bharathi Nagar?

St Andru Prachar Bharathi Nagar is classified as Residential Class V Type - I, which indicates its designation for residential purposes.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 89,100.

Where is the Sub Registrar Office for St Andru Prachar Bharathi Nagar located?

The Sub Registrar Office covering St Andru Prachar Bharathi Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.