Guideline Value for St. Anthony Nagar

St. Anthony Nagar guideline value

The current guideline value of St. Anthony Nagar, located in Pullilyon village under the Redhills SRO, is Rs 440 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. Anthony Nagar has changed

The guideline value for St. Anthony Nagar has seen several revisions over the years. In 2003, the value was Rs 32 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2007. The value then rose to Rs 400 per sq.ft in 2012, before dropping to Rs 268 per sq.ft in 2017. Following this, the value increased to Rs 400 per sq.ft in 2023, and finally reached Rs 440 per sq.ft in 2024, marking a 10% increase from the previous year.

Between the revisions, notable changes include a 525% increase from 2003 to 2007 and a 49% increase from 2017 to 2023. The overall increase from 2003 to 2024 is a remarkable 1275%. The register has no figure for this street in the year 2002.

Guideline values in Pullilyon

In Pullilyon village, there are 77 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with the median value being Rs 700 per sq.ft. St. Anthony Nagar's current guideline value is below this median.

• St. Antony's Avenue: Rs 440 per sq.ft (2024)
• Sri Vetrivel Murugan Nagar: Rs 1,560 per sq.ft (2024)
• Subash Nagar Annex I: Rs 550 per sq.ft (2024)
• Sri Thirumalai Nagar: Rs 440 per sq.ft (2024)
• Sri Selva Vinayar Nagar Annex: Rs 550 per sq.ft (2024)
• Sri Selva Vinayagar Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in St. Anthony Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total cost for these fees Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers St. Anthony Nagar?

The Sub Registrar Office that covers St. Anthony Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Pullilyon. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are calculated based on either the guideline value or the sale price, whichever is higher. This ensures transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of St. Anthony Nagar?

The current guideline value of St. Anthony Nagar is Rs 440 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 significantly from Rs 32 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 1275% over the years.

What is the land classification of St. Anthony Nagar?

St. Anthony Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the registration office for St. Anthony Nagar?

The registration office for St. Anthony Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000, leading to specific fees based on that value.