Guideline Value for mother Therasa Nagar

mother Therasa Nagar guideline value

The current guideline value for mother Therasa Nagar in Santhavellur village is Rs 305 per sq.ft, effective from 1 July 2024. This area falls under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of mother Therasa Nagar has changed

The guideline value for mother Therasa Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. Subsequently, the 2023 revision increased the value to Rs 300 per sq.ft, and the latest revision in 2024 has raised it further to Rs 305 per sq.ft, marking a 2% increase from the previous year.

In terms of percentage changes, the guideline value saw a significant increase of 49% from 2017 to 2023. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 2%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 2,800 per sq.ft. The median guideline value in this area is Rs 500 per sq.ft, indicating that mother Therasa Nagar's 2024 figure is below this median.

• Moogambika Nagar: Rs 305 per sq.ft (2024)
• Mettu Street: Rs 250 per sq.ft (2024)
• Maruthi Avenue: Rs 700 per sq.ft (2024)
• Mariamman Kovil Street: Rs 250 per sq.ft (2024)
• New Andal Nagar: Rs 305 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in mother Therasa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 305 per sq.ft, the total guideline value would be Rs 3,05,000. The stamp duty at 7% would amount to Rs 21,350, and the registration fee at 2% would be Rs 6,100, bringing the total fees to Rs 27,450. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers mother Therasa Nagar?

The mother Therasa Nagar area is covered by 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 details.

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

The guideline value plays a crucial role in the registration of properties in Santhavellur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value is the basis for these calculations.

When a property transaction occurs, the guideline value ensures that the government receives the appropriate revenue from the sale. It is essential for both parties to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for mother Therasa Nagar?

The current guideline value for mother Therasa Nagar is Rs 305 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023, and finally to Rs 305 per sq.ft in 2024.

What is the median guideline value in Santhavellur?

The median guideline value in Santhavellur is Rs 500 per sq.ft, indicating that mother Therasa Nagar's 2024 figure is below this median.

What are the stamp duty and registration fees for a property in mother Therasa Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 3,05,000. The stamp duty would be Rs 21,350, and the registration fee would be Rs 6,100, totaling Rs 27,450.

Which office handles registrations for mother Therasa Nagar?

The Sunguvarchattram Sub Registrar Office handles registrations for mother Therasa Nagar, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.