Guideline Value for Dr.Savithiri Nagar

Dr.Savithiri Nagar guideline value

The current guideline value of Dr.Savithiri Nagar is Rs 300 per sq.ft, effective from the 2024 revision. This area is located in P.V.Kalathur A village under the Chengleput Joint I SRO, and is classified as Residential Special Type - II.

How the guideline value of Dr.Savithiri Nagar has changed

Since the 2017 revision, the guideline value for Dr.Savithiri Nagar has increased from Rs 201 per sq.ft to Rs 300 per sq.ft in the 2024 revision, marking a total increase of 49%. The 2023 revision also recorded a guideline value of Rs 300 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2024 and 2023 revisions both reflect a guideline value of Rs 300 per sq.ft, while the increase from 2017 to 2023 was 49%.

Guideline values in P.V.Kalathur A

In P.V.Kalathur A, there are 21 streets under the Chengleput Joint I SRO that have a 2024 guideline value ranging from Rs 250 to Rs 450 per sq.ft, with a median value of Rs 402 per sq.ft. Dr.Savithiri Nagar's 2024 figure is below this median.

• Desika Nagar: Rs 250 per sq.ft (2024)
• Gokaley Nagar: Rs 402 per sq.ft (2024)
• Arunanachala nagar: Rs 300 per sq.ft (2024)
• Andal Avenue: Rs 300 per sq.ft (2024)
• K.J.P. Nagar: Rs 402 per sq.ft (2024)
• Maruthi Nagar: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.Savithiri Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 Dr.Savithiri Nagar?

Dr.Savithiri Nagar falls under the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in P.V.Kalathur A

The guideline value is crucial during property transactions as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the higher of the guideline value or the sale price.

When registering a property, the guideline value ensures that the transaction is documented at a fair price, which helps in maintaining transparency in real estate transactions. It is essential for both parties to be aware of the current guideline value to avoid any disputes during the registration process.

Frequently asked questions

What is the current guideline value of Dr.Savithiri Nagar?

The current guideline value of Dr.Savithiri Nagar is Rs 300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2023 to 2024, while it increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2024, marking a 49% increase overall since 2017.

What is the classification of land in Dr.Savithiri Nagar?

Dr.Savithiri Nagar is classified as Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Dr.Savithiri Nagar?

The Chengleput Joint I Sub Registrar Office covers Dr.Savithiri Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Dr.Savithiri Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft would incur a stamp duty of Rs 21,000.