Guideline Value for St.Joseph Nagar
₹605/sq.ft.
The guideline value for St.joseph Nagar in Molachoor village (Sunguvarchattram SRO, Chengalpattu zone) is Rs 605 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 1% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Molachoor
Village
Sunguvarchattram
SRO
Residential Class III Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹605 /sq.ft. |
| From 1-4-2023 | ₹600 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹402 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹400 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| 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)
Vadivamal Nagar Kandigai Road Caparo Company Opp,sunguvarchatram
044_29592196
[email protected]
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on St.joseph Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Sunguvarchattram sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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St.Joseph Nagar guideline value
The current guideline value of St.Joseph Nagar is Rs 605 per sq.ft, effective from 1 July 2024. This locality is situated in Molachoor village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class III Type - I.
How the guideline value of St.Joseph Nagar has changed
The guideline value for St.Joseph Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which increased to Rs 402 per sq.ft in 2017. This marked a modest rise of 1%. Following this, the value jumped significantly to Rs 600 per sq.ft in 2023, reflecting a 49% increase from the previous figure. The most recent revision in 2024 has further increased the guideline value to Rs 605 per sq.ft, a 1% rise from 2023.
It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 51%.
Guideline values in Molachoor
In Molachoor village, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing St.Joseph Nagar's 2024 figure above that median.
- Subramanianswami Kovil Street: Rs 600 per sq.ft (2024)
- Sri Varasithi Vinayagar Nagar: Rs 1,269 per sq.ft (2024)
- Tank Street: Rs 300 per sq.ft (2024)
- Teachers Avenue: Rs 600 per sq.ft (2024)
- Thamarai Nagar: Rs 800 per sq.ft (2024)
- Thiruvallur Road (Palkara Street To Arinjar Anna Street): Rs 2,000 per sq.ft (2024)
Stamp duty and registration fee for property in St.Joseph Nagar
For a 1,000 sq.ft plot at the current guideline value of Rs 605 per sq.ft, the total guideline value would be Rs 6,05,000. The stamp duty at 7% would amount to Rs 42,350, while the registration fee at 2% would be Rs 12,100. Together, these fees would total Rs 54,450. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers St.Joseph Nagar?
The Sub Registrar Office that covers St.Joseph Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Molachoor
The guideline value is a crucial factor during the registration of property transactions in Molachoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers adhere to the legal requirements set by the state.
When buying or selling property, the guideline value helps in assessing the fair value of the property, which is essential for taxation purposes. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price of the property.
Frequently asked questions
What is the current guideline value of St.Joseph Nagar?
The current guideline value of St.Joseph Nagar is Rs 605 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 2012 to Rs 605 per sq.ft in 2024, marking an overall increase of 51% over this period.
What are the stamp duty rates for property in St.Joseph Nagar?
The stamp duty for property transactions in St.Joseph Nagar is charged at 7% of the guideline value or sale price, whichever is higher.
Which office handles registrations for St.Joseph Nagar?
The Sunguvarchattram Sub Registrar Office handles registrations for St.Joseph Nagar, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.
What is the land classification for St.Joseph Nagar?
The land classification for St.Joseph Nagar is Residential Class III Type - I, indicating its suitability for residential development.
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