Guideline Value for St. Thomas School Street

St. Thomas School Street guideline value

The current guideline value of St. Thomas School Street is Rs 3,190 per sq.ft, effective from 1 July 2024. This street is located in Madanandapuram village, under the Kunrathur SRO, and is classified as Residential Special Type - III.

How the guideline value of St. Thomas School Street has changed

The guideline value for St. Thomas School Street has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 2,900 per sq.ft in 2012, reflecting a change of +625%. However, from 2012 to 2017, the value decreased to Rs 1,943 per sq.ft, marking a decline of -33%. The value then rose to Rs 2,900 per sq.ft in 2023, showing an increase of +49% from the previous revision.

The most recent revision in 2024 set the guideline value at Rs 3,190 per sq.ft, which is a 10% increase from the 2023 figure. There are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Madanandapuram

Madanandapuram has a total of 94 streets under the Kunrathur SRO, with guideline values ranging from Rs 2,530 to Rs 5,830 per sq.ft as of 2024. The median guideline value in the village is Rs 3,520 per sq.ft, which means that the guideline value for St. Thomas School Street is below this median.

• Subbaiha Nagar: Rs 3,190 per sq.ft (2024)
• Sri Venkateswara Nagar / Annuxe: Rs 3,190 per sq.ft (2024)
• Sri Rajarajeswari Nagar: Rs 3,190 per sq.ft (2024)
• Sri Natarajan Nagar: Rs 3,520 per sq.ft (2024)
• Sri Muthu Nagar: Rs 3,520 per sq.ft (2024)
• Sri Muthu mariyamman Nagar: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in St. Thomas School Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,190 per sq.ft, the total guideline value amounts to Rs 31,90,000. The stamp duty at 7% would be Rs 2,23,300, and the registration fee at 2% would be Rs 63,800, bringing the total cost for these fees to Rs 2,87,100. Please 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 detailed calculations.

Which Sub Registrar Office covers St. Thomas School Street?

The Sub Registrar Office that covers St. Thomas School Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Madanandapuram. It is used to determine the stamp duty and registration fees that must be paid, ensuring that these costs are calculated based on the official value set by the government.

Frequently asked questions

What is the current guideline value for St. Thomas School Street?

The current guideline value for St. Thomas School Street is Rs 3,190 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 3,190 per sq.ft in 2024, reflecting an overall increase of +698% over the years.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in St. Thomas School Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for St. Thomas School Street?

The Sub Registrar Office for St. Thomas School Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How does the guideline value affect property buyers?

The guideline value affects property buyers by determining the stamp duty and registration fees they must pay during the transaction process, ensuring compliance with government regulations.