Guideline Value for SAAR GRAND MAGNUM CITY

Saar Grand Magnum City guideline value

The current guideline value of Saar Grand Magnum City is Rs 2,005 per sq.ft, effective from 1 July 2024. This property is located in Santhavellur village under the Sunguvarchattram SRO, classified as Commercial Class I Type - I.

How the guideline value of Saar Grand Magnum City has changed

The guideline value for Saar Grand Magnum City has undergone several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 2,000 per sq.ft, which remained unchanged in the 2024 revision, bringing the current value to Rs 2,005 per sq.ft, reflecting a 0% change from the previous year.

In summary, the guideline values for Saar Grand Magnum City have seen a slight increase from Rs 2,000 per sq.ft in 2023 to Rs 2,005 per sq.ft in 2024, indicating stability in the valuation for this property.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,800 per sq.ft, with a median value of Rs 500 per sq.ft. Saar Grand Magnum City’s guideline value is above this median.

• Samten: Rs 1,000 per sq.ft (2024)
• Ramakka Chathiram: Rs 305 per sq.ft (2024)
• Rajaveethi: Rs 250 per sq.ft (2024)
• SelvaVinayagar Kovil Street: Rs 300 per sq.ft (2024)
• Radha Garden: Rs 2,400 per sq.ft (2024)
• Punitha Valanar Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Saar Grand Magnum City

For a 1,000 sq.ft plot at the current guideline value of Rs 2,005 per sq.ft, the total guideline value amounts to Rs 20,05,000. The stamp duty at 7% would be Rs 1,40,350, and the registration fee at 2% would be Rs 40,100, bringing the total fees together to Rs 1,80,450. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Saar Grand Magnum City?

The Sub Registrar Office that covers Saar Grand Magnum City is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Santhavellur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the guideline value is considered to ensure that the transaction is accurately reflected in the official records. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value for Saar Grand Magnum City?

The current guideline value for Saar Grand Magnum City is Rs 2,005 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable, with no change from Rs 2,000 per sq.ft in 2023 to Rs 2,005 per sq.ft in 2024. Previous revisions from 2002, 2003, 2007, 2012, and 2017 have no figures listed for this street.

What is the land classification of Saar Grand Magnum City?

Saar Grand Magnum City is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

How does the guideline value affect property transactions?

The guideline value is essential for calculating the stamp duty and registration fees during property transactions. It ensures that the property is valued correctly for official records and tax purposes.

Where can I find the Sub Registrar Office for Saar Grand Magnum City?

The Sub Registrar Office for Saar Grand Magnum City is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more information by visiting the relevant links.