Guideline Value for St Francis Nagar Extention

St Francis Nagar Extention guideline value

The current guideline value of St Francis Nagar Extention is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Kovilpathagai village and falls under the Ambattur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of St Francis Nagar Extention has changed

The guideline value for St Francis Nagar Extention has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 737 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2023 revision. The latest revision in 2024 has set the value at Rs 1,200 per sq.ft, marking a 9% increase from the previous year and a 63% increase from 2017.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The increase from the 2017 revision to the 2023 revision was 49%, showcasing a substantial rise in the guideline value over that period.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for the village is Rs 870 per sq.ft, placing St Francis Nagar Extention above this median.

• St. Francis Nagar: Rs 880 per sq.ft (2024)
• St Josph Nagar: Rs 806 per sq.ft (2024)
• St. Pauls Nagar: Rs 807 per sq.ft (2024)
• St Perter's Nagar: Rs 807 per sq.ft (2024)
• St Peter Street: Rs 805 per sq.ft (2024)
• Subash Chandrabose Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in St Francis Nagar Extention

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, while the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers St Francis Nagar Extention?

The Sub Registrar Office that covers St Francis Nagar Extention 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kovilpathagai. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that both parties comply with the legal requirements set by the government.

When registering 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 the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of St Francis Nagar Extention?

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

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 63%, from Rs 737 per sq.ft to Rs 1,200 per sq.ft as of 2024.

What is the stamp duty rate for property in St Francis Nagar Extention?

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

Which Sub Registrar Office handles registrations for St Francis Nagar Extention?

The Ambattur Sub Registrar Office handles registrations for St Francis Nagar Extention, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the median guideline value for streets in Kovilpathagai?

The median guideline value for streets in Kovilpathagai is Rs 870 per sq.ft, with St Francis Nagar Extention's value being above this median.