Guideline Value for St. Peters Nagar

St. Peters Nagar guideline value

The current guideline value of St. Peters Nagar, located in Thirumullaivoyal village under the Ambattur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - III.

How the guideline value of St. Peters Nagar has changed

The guideline value for St. Peters Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 54 per sq.ft, which increased to Rs 80 per sq.ft in 2003. Following this, the value saw a significant rise to Rs 343 per sq.ft in 2007, marking an increase of 329%. The value then reached Rs 1,000 per sq.ft in 2012, reflecting a 192% increase from the previous revision. However, it dropped to Rs 670 per sq.ft in 2017, a decrease of 33%. The value was Rs 1,000 per sq.ft in 2023, before the latest revision to Rs 1,100 per sq.ft in 2024, which is a 10% increase.

There are no figures available for the years between these revisions for St. Peters Nagar. Overall, from 2002 to 2024, the guideline value has increased by 1937%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a guideline value for 2024, ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of St. Peters Nagar is below this median.

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

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

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that 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 details.

Which Sub Registrar Office covers St. Peters Nagar?

The Sub Registrar Office that covers St. Peters 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 property transactions in Thirumullaivoyal. It serves as the basis for calculating stamp duty and registration fees when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration requirements.

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

Frequently asked questions

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

The current guideline value of St. Peters Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 54 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, showing a significant increase over the years.

What is the classification of land in St. Peters Nagar?

St. Peters Nagar is classified as Residential Class IV Type - III.

What are the stamp duty and registration fees for properties in St. Peters Nagar?

The stamp duty is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for St. Peters Nagar?

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