Guideline Value for St. Pauls Nagar

St. Pauls Nagar guideline value

The current guideline value of St. Pauls Nagar, located in Kovilpathagai village under the Ambattur SRO, is Rs 807 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under Residential Class III Type - II land classification.

How the guideline value of St. Pauls Nagar has changed

The guideline value for St. Pauls Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 500 per sq.ft, which then increased to Rs 335 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 807 per sq.ft in both the 2023 and 2024 revisions, reflecting a 141% increase from 2017 to 2023. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 61%. The values remained constant at Rs 807 per sq.ft from the 2023 to 2024 revision, indicating no change during this period.

Guideline values in Kovilpathagai

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

• St Perter's Nagar: Rs 807 per sq.ft (2024)
• St Peter Street: Rs 805 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. Pauls Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 807 per sq.ft, the total guideline value amounts to Rs 8,07,000. The stamp duty at 7% would be Rs 56,490, and the registration fee at 2% would be Rs 16,140, resulting in a total of Rs 72,630. 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 further calculations.

Which Sub Registrar Office covers St. Pauls Nagar?

The Sub Registrar Office that covers St. Pauls 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 in the registration of property transactions in Kovilpathagai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the property is not undervalued.

When buying or selling property, the guideline value influences the stamp duty and registration fees that need to be paid. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value of St. Pauls Nagar is Rs 807 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 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 807 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007 for this street.

What is the land classification of St. Pauls Nagar?

St. Pauls Nagar falls under the Residential Class III Type - II land classification, indicating its use for residential purposes.

What are the stamp duty rates for property in St. Pauls Nagar?

The stamp duty for property in St. Pauls Nagar is charged at a rate of 7% on the guideline value or the sale price, whichever is higher. The registration fee is charged at 2%.

Which office handles registrations for St. Pauls Nagar?

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