Guideline Value for St George Nagar Extn

St George Nagar Extn guideline value

The current guideline value of St George Nagar Extn is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village under the Ambattur SRO, and it falls under the Residential Class V Type - I land classification.

How the guideline value of St George Nagar Extn has changed

The guideline value for St George Nagar Extn has seen several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 200 per sq.ft. This increased significantly to Rs 900 per sq.ft in 2012, then decreased to Rs 603 per sq.ft in 2017. Following that, the value rose to Rs 900 per sq.ft in 2023 and finally reached Rs 990 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2007 to 2024, there has been an overall increase of 395% in the guideline value. The changes between the revisions include a 350% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, and a substantial increase of 49% from 2017 to 2023.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values 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, placing St George Nagar Extn's 2024 figure below this median.

• St George Nagar: Rs 990 per sq.ft (2024)
• St.Mary's Street (Srinagar Colony): Rs 2,400 per sq.ft (2024)
• St. Peters Avenue: Rs 1,100 per sq.ft (2024)
• Stedbord Hospital Road: Rs 2,700 per sq.ft (2024)
• St. Peters Nagar: Rs 1,100 per sq.ft (2024)
• St.Peters Nagaram: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in St George Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total to Rs 89,100. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers St George Nagar Extn?

The Sub Registrar Office that covers St George Nagar Extn is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. 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 factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is assessed to ensure that the appropriate fees are collected. This value helps maintain transparency in property transactions and ensures that all parties are aware of the financial obligations involved.

Frequently asked questions

What is the current guideline value of St George Nagar Extn?

The current guideline value of St George Nagar Extn 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 200 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, reflecting an overall increase of 395% over the years.

What is the registration office for St George Nagar Extn?

The registration office for St George Nagar Extn is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

What is the stamp duty for properties in St George Nagar Extn?

The stamp duty for properties in St George Nagar Extn is 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 69,300.

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register and is revised periodically to reflect changes in the real estate market.