Guideline Value

Corporate

Guideline Value for SARADHAMBAL NAGAR

₹660/sq.ft.

The guideline value for Saradhambal Nagar in Venpakkam village (Chengleput Joint I SRO, Chengalpattu zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Venpakkam

Village

Chengleput Joint I

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27423054
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Saradhambal Nagar

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Saradhambal Nagar guideline value

The current guideline value of Saradhambal Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This locality is situated in Venpakkam village, under the Chengleput Joint I SRO, and is classified as Residential Special Type - I.

How the guideline value of Saradhambal Nagar has changed

The guideline value for Saradhambal Nagar has undergone several revisions over the years. In 2012, the guideline value was set at Rs 600 per sq.ft. This figure remained unchanged until 2017 when it dropped to Rs 402 per sq.ft, marking a decrease of 33%. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and then rose again to Rs 660 per sq.ft in 2024, reflecting an overall increase of 10% from 2012 to 2024.

From 2017 to 2023, there was a notable increase of 49%. The 2024 revision shows a 10% increase from the previous year, 2023. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Venpakkam

In Venpakkam, there are eight streets under the Chengleput Joint I SRO that carry a 2024 guideline value, all set at Rs 660 per sq.ft. The median value for these streets is also Rs 660 per sq.ft, placing Saradhambal Nagar in line with this median.

Stamp duty and registration fee for property in Saradhambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total cost for these fees Rs 59,400. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Saradhambal Nagar?

The Sub Registrar Office that covers Saradhambal Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Venpakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the Registration Department and reflects the value of the land based on its classification and location.

When selling property, the guideline value is also significant as it helps establish the minimum value at which the property can be registered. This ensures that all transactions are conducted fairly and transparently, according to the established regulations.

Frequently asked questions

What is the current guideline value for Saradhambal Nagar?

The current guideline value for Saradhambal Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023 and finally to Rs 660 per sq.ft in 2024.

What are the other streets in Venpakkam with the same guideline value?

Other streets in Venpakkam that share the same guideline value of Rs 660 per sq.ft include Sri Ranga Nagar, Sri Vedhapureesvarar Nagar Phase 1, Phase 2, Phase 3, GoodWill Avenue, and Padma Nagar.

What are the registration fees for properties in Saradhambal Nagar?

The registration fees for properties in Saradhambal Nagar include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Saradhambal Nagar?

The Sub Registrar Office for Saradhambal Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.