Guideline Value for SAAR CITY ANNEX-1

Saar City Annex-1 guideline value

The current guideline value of Saar City Annex-1 is Rs 1,050 per sq.ft, effective from 1 July 2024. This property is located in Mambakkam village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Saar City Annex-1 has changed

The guideline value for Saar City Annex-1 has remained stable over the years. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,050 per sq.ft, which remained unchanged in the 2024 revision.

Thus, from the 2023 to the 2024 revision, there was a change of +0%. The current guideline value reflects a consistent valuation over the past two years, indicating stability in this area.

Guideline values in Mambakkam

Mambakkam has 39 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,418 per sq.ft. Saar City Annex-1's value of Rs 1,050 per sq.ft is above the median value of Rs 305 per sq.ft for the village.

• Saar City: Rs 1,418 per sq.ft (2024)
• R.R Salai: Rs 305 per sq.ft (2024)
• Ponniamman Kovil Street: Rs 250 per sq.ft (2024)
• Perumal Kovil Street: Rs 305 per sq.ft (2024)
• SriAnandavalli Nagar: Rs 700 per sq.ft (2024)
• PalliKooda Street: Rs 305 per sq.ft (2024)

Stamp duty and registration fee for property in Saar City Annex-1

For a 1,000 sq.ft plot at the current guideline value of Rs 1,050 per sq.ft, the total guideline value amounts to Rs 10,50,000. The stamp duty at 7% would be Rs 73,500, and the registration fee at 2% would be Rs 21,000, totaling Rs 94,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saar City Annex-1?

The Sub Registrar Office that covers Saar City Annex-1 is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Mambakkam. It serves as a reference point for determining the stamp duty and registration fees applicable to the sale or purchase of property.

When a property is sold or purchased, the guideline value is considered to ensure that the transaction is registered at a fair value. Buyers and sellers must be aware of the guideline value to accurately calculate the associated costs during the registration process.

Frequently asked questions

What is the current guideline value of Saar City Annex-1?

The current guideline value of Saar City Annex-1 is Rs 1,050 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,050 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Saar City Annex-1?

The land classification for Saar City Annex-1 is Residential Class I Type - III. This classification is important for understanding the type of development allowed in the area.

What are the stamp duty and registration fees for property in Saar City Annex-1?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 10,50,000. The stamp duty is Rs 73,500, and the registration fee is Rs 21,000, totaling Rs 94,500.

Where is the Sub Registrar Office for Saar City Annex-1 located?

The Sub Registrar Office for Saar City Annex-1 is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, in the Chengalpattu registration zone.