Guideline Value for SARADHAMMAL NAGAR

Saradhammal Nagar guideline value

The current guideline value of Saradhammal Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Palur-B village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Saradhammal Nagar has changed

According to the guideline value register, the revisions for Saradhammal Nagar show that there have been no figures recorded for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions are from 2023 and 2024, both of which list the guideline value at Rs 400 per sq.ft. This indicates that there has been no change in the guideline value from 2023 to 2024, with a change of +0%.

Thus, the only recorded figures for Saradhammal Nagar are from the 2023 and 2024 revisions, both standing at Rs 400 per sq.ft. This consistent valuation highlights the stability of the guideline value for this particular street within the given timeframe.

Guideline values in Palur-B

In Palur-B village, there are seven streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 670 per sq.ft, placing Saradhammal Nagar's 2024 figure below that median.

• Sai Linga Nagar: Rs 400 per sq.ft (2024)
• Sri Ranganathar Avenue: Rs 670 per sq.ft (2024)
• Sameera Florenza: Rs 670 per sq.ft (2024)
• Sameera Florenza Phase - I: Rs 800 per sq.ft (2024)
• V.G.R Nagar.: Rs 400 per sq.ft (2024)
• ஸ்ரீ ஸ்ரீனிவாசா அவென்யூ: Rs 670 per sq.ft (2024)

Stamp duty and registration fee for property in Saradhammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, while the registration fee at 2% would be Rs 8,000, making the total fees together Rs 36,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saradhammal Nagar?

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

How the guideline value is used when you buy or sell in Palur-B

The guideline value plays a crucial role when buying or selling property in Palur-B. It serves as a reference point for determining the minimum value of a property for registration purposes. This means that the property cannot be registered for a price lower than the guideline value.

When a property transaction occurs, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Saradhammal Nagar?

The current guideline value of Saradhammal Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no recorded figures for Saradhammal Nagar in the years 2002, 2003, 2007, 2012, and 2017. The only recent revisions are from 2023 and 2024, both listing the guideline value at Rs 400 per sq.ft.

What are the guideline values of other streets in Palur-B?

In Palur-B, the guideline values for other streets range from Rs 400 to Rs 800 per sq.ft, with the median being Rs 670 per sq.ft. Saradhammal Nagar's value is below this median.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in the area.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, a 1,000 sq.ft plot valued at Rs 400 per sq.ft would incur total fees of Rs 36,000.