Guideline Value for St George Nagar

St George Nagar guideline value

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

How the guideline value of St George Nagar has changed

The guideline value for St George Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 900 per sq.ft, and then to Rs 990 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, the changes between revisions show a 49% increase from 2017 to 2023, a decrease of 33% from 2012 to 2017, and an overall increase of 10% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, placing St George Nagar's 2024 figure below that median.

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

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, while the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers St George Nagar?

The Sub Registrar Office that covers St George 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 information.

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

The guideline value is a crucial factor in the registration of property transactions in Thirumullaivoyal. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is important to be aware of these values to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of St George Nagar?

The current guideline value of St George 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, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the stamp duty for property in St George Nagar?

The stamp duty for property in St George Nagar is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 69,300.

Where is the Sub Registrar Office for St George Nagar located?

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

What is the land classification of St George Nagar?

St George Nagar is classified as Residential Class V Type - I, indicating its designation for residential purposes.