Guideline Value for St Peter Street

St Peter Street guideline value

The current guideline value of St Peter Street in Kovilpathagai village, under the Ambattur SRO, is Rs 805 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - II.

How the guideline value of St Peter Street has changed

The guideline value for St Peter Street has undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value saw a significant increase of 72%, bringing it back to Rs 805 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 15%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values for 2024 ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, indicating that St Peter Street's 2024 figure is below this median.

• St Perter's Nagar: Rs 807 per sq.ft (2024)
• St. Pauls Nagar: Rs 807 per sq.ft (2024)
• St Josph Nagar: Rs 806 per sq.ft (2024)
• St Francis Nagar Extention: Rs 1,200 per sq.ft (2024)
• St. Francis Nagar: Rs 880 per sq.ft (2024)
• Subash Chandrabose Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in St Peter Street

For a 1,000 sq.ft plot at the current guideline value of Rs 805 per sq.ft, the total guideline value would be Rs 8,05,000. The stamp duty at 7% would amount to Rs 56,350, and the registration fee at 2% would be Rs 16,100, bringing the total cost for these fees to Rs 72,450. It is important to note that 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 details.

Which Sub Registrar Office covers St Peter Street?

The Sub Registrar Office that covers St Peter Street 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 is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Kovilpathagai, this value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. Accurate knowledge of the guideline value helps in ensuring compliance with local regulations during property registration.

Frequently asked questions

What is the current guideline value of St Peter Street?

The current guideline value of St Peter Street is Rs 805 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 805 per sq.ft in 2023 and remained the same in 2024.

What is the classification of St Peter Street?

St Peter Street is classified as Residential Class II Type - II.

Where is the Sub Registrar Office located?

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

How is stamp duty calculated for property in St Peter Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 56,350.