Guideline Value for SAAR CITY

Saar City guideline value

The current guideline value of Saar City is Rs 1,418 per sq.ft, as per the 2024 revision effective from 1 July 2024. This area is located in Mambakkam village and falls under the Sunguvarchattram SRO, classified as Commercial Class I Type - II.

How the guideline value of Saar City has changed

In the 2017 revision, the guideline value was Rs 950 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,418 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase is also 49%, reflecting a consistent valuation since 2023.

Guideline values in Mambakkam

In Mambakkam, there are 39 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,418 per sq.ft. Saar City’s value is above the median of Rs 305 per sq.ft.

• Saar City Annex-1: Rs 1,050 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,418 per sq.ft, the total guideline value amounts to Rs 14,18,000. The stamp duty at 7% would be Rs 99,260, while the registration fee at 2% would be Rs 28,360, totaling Rs 1,27,620. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Saar City?

The Sub Registrar Office that covers Saar City is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering a property in Mambakkam. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value according to the government’s assessment.

When buying or selling a property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Saar City?

The current guideline value of Saar City is Rs 1,418 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49% to the current rate of Rs 1,418 per sq.ft, which has remained unchanged since 2023.

What is the median guideline value in Mambakkam?

The median guideline value in Mambakkam is Rs 305 per sq.ft. Saar City’s 2024 guideline value is above this median.

What are the stamp duty rates for property in Saar City?

The stamp duty for property in Saar City is charged at 7% of the guideline value or sale price, whichever is higher. Registration fees are charged at 2%.

Where is the Sub Registrar Office for Saar City located?

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