Guideline Value for St Josph Nagar

St Josph Nagar guideline value

The current guideline value of St Josph Nagar, located in Kovilpathagai village under the Ambattur SRO, is Rs 806 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of St Josph Nagar has changed

The guideline value for St Josph Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased by 33% to Rs 402 per sq.ft in the 2017 revision. Following this, the 2023 revision brought the value back up to Rs 806 per sq.ft, maintaining the same rate in the 2024 revision, resulting in a 100% increase from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 34%.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft, with a median value of Rs 870 per sq.ft. The guideline value of St Josph Nagar is below this median.

• St Francis Nagar Extention: Rs 1,200 per sq.ft (2024)
• St. Francis Nagar: Rs 880 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 Josph Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 806 per sq.ft, the total guideline value would be Rs 8,06,000. The stamp duty at 7% would be Rs 56,420, and the registration fee at 2% would be Rs 16,120, bringing the total to Rs 72,540. It is important to note that the 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 information.

Which Sub Registrar Office covers St Josph Nagar?

The Sub Registrar Office that covers St Josph 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 Kovilpathagai

The guideline value is a crucial factor when registering property transactions in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of St Josph Nagar?

The current guideline value of St Josph Nagar is Rs 806 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 806 per sq.ft in both 2023 and 2024 revisions.

What is the land classification of St Josph Nagar?

St Josph Nagar is classified as Residential Class III Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for property in St Josph Nagar?

For a property valued at Rs 8,06,000, the stamp duty would be Rs 56,420, and the registration fee would be Rs 16,120, totaling Rs 72,540.

Which office handles registrations for St Josph Nagar?

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