Guideline Value

Corporate

Guideline Value for St. Thomas Nagar

₹440/sq.ft.

The guideline value for St. Thomas Nagar in Pothur village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pothur

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on St. Thomas Nagar

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St. Thomas Nagar guideline value

The current guideline value of St. Thomas Nagar, located in Pothur village under the Redhills SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of St. Thomas Nagar has changed

In the 2007 revision, the guideline value was set at Rs 200 per sq.ft. This increased to Rs 400 per sq.ft in 2012, marking a significant rise of 100%. However, in 2017, the value decreased to Rs 268 per sq.ft, a drop of 33%. The 2023 revision saw a substantial increase to Rs 400 per sq.ft, and the latest revision in 2024 has raised it further to Rs 440 per sq.ft, reflecting a 10% increase from the previous year. Notably, the register has no figures for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 120%. The changes between the revisions highlight the fluctuations in property values over the years, with the most significant increase occurring between 2012 and 2017, and then again from 2023 to 2024.

Guideline values in Pothur

Pothur village has a total of 98 streets under the Redhills SRO, with guideline values ranging from Rs 330 to Rs 2,000 per sq.ft. The median value for the village is Rs 550 per sq.ft, placing St. Thomas Nagar's 2024 figure below this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the 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, totaling Rs 39,600. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers St. Thomas Nagar?

The Sub Registrar Office that covers St. Thomas 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 information.

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

The guideline value plays a crucial role in property transactions in Pothur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers must be aware that the guideline value is a benchmark for calculating these fees, ensuring that the government receives its due revenue from property transactions.

When registering a property, the guideline value is assessed against the sale price. The higher of the two values will be the basis for calculating the stamp duty and registration fees. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value for St. Thomas Nagar?

The current guideline value for St. Thomas Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, increasing from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, with notable fluctuations in between.

What is the registration fee for property in St. Thomas Nagar?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 4,40,000, the registration fee would be Rs 8,800.

Which Sub Registrar Office should I contact for St. Thomas Nagar?

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

What factors influence the guideline value in Pothur?

The guideline value in Pothur is influenced by various factors, including the location, land classification, and recent revisions made by the Registration Department. The values are periodically updated to reflect changes in the real estate market.