Guideline Value for SARANALAYA NAGAR PHASE-I

Saranalaya Nagar Phase-I guideline value

The current guideline value of Saranalaya Nagar Phase-I is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Valayaputhoor village and falls under the jurisdiction of the Madurandakam SRO. The land classification for this region is Mixed Type - II.

How the guideline value of Saranalaya Nagar Phase-I has changed

Over the years, the guideline value for Saranalaya Nagar Phase-I has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged in the 2023 revision. The 2017 revision marked a decrease to Rs 100 per sq.ft, reflecting a -33% change from the previous value. The most significant change occurred between the 2017 and 2023 revisions, where the value increased by 50% to Rs 150 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

As of the 2024 revision, the guideline value stands at Rs 150 per sq.ft, indicating no change from the previous year. Overall, from 2012 to 2024, the guideline value has remained stable, with a net change of +0% during this period.

Guideline values in Valayaputhoor

In Valayaputhoor, there are four streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 150 per sq.ft. The median value for these streets is Rs 103 per sq.ft, positioning Saranalaya Nagar Phase-I above this median at Rs 150 per sq.ft.

• Tristar Garden: Rs 103 per sq.ft (2024)
• Jeyam Nagar: Rs 100 per sq.ft (2024)
• Ecopolis: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Saranalaya Nagar Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty is charged at 7%, amounting to Rs 10,500, while the registration fee is 2%, totaling Rs 3,000. Therefore, the total cost for stamp duty and registration fee would be Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saranalaya Nagar Phase-I?

The Saranalaya Nagar Phase-I is covered by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Valayaputhoor. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring that all transactions are recorded accurately.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers and sellers must be aware of these values to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Saranalaya Nagar Phase-I?

The current guideline value of Saranalaya Nagar Phase-I is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 150 per sq.ft, unchanged from 2023. The value was Rs 100 per sq.ft in 2017 and Rs 150 per sq.ft in 2012.

What is the median guideline value in Valayaputhoor?

The median guideline value for the streets in Valayaputhoor is Rs 103 per sq.ft. Saranalaya Nagar Phase-I's guideline value is above this median, at Rs 150 per sq.ft.

What are the stamp duty and registration fees for property in Saranalaya Nagar Phase-I?

For a 1,000 sq.ft plot valued at Rs 150 per sq.ft, the total guideline value is Rs 1,50,000. The stamp duty is Rs 10,500 and the registration fee is Rs 3,000, totaling Rs 13,500 for both.

Which office handles the registration for Saranalaya Nagar Phase-I?

The Madurandakam Sub Registrar Office handles the registration for Saranalaya Nagar Phase-I, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.