Guideline Value for SARASWATHI AVENUE

Saraswathi Avenue guideline value

The current guideline value of Saraswathi Avenue in Kannivakkam village is Rs 900 per sq.ft, effective from 1 July 2024. This falls under the Thiruporur SRO and is classified as Residential Class V Type - I.

How the guideline value of Saraswathi Avenue has changed

The guideline value for Saraswathi Avenue has remained consistent at Rs 900 per sq.ft since the 2023 revision. The register has no figure for this street in the revisions from 2002, 2003, 2007, 2012, and 2017.

In the 2024 revision, the guideline value is Rs 900 per sq.ft, which shows no change from the 2023 revision, indicating a stable valuation over the past year.

Guideline values in Kannivakkam

In Kannivakkam, there are 32 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 2,389 per sq.ft, with a median value of Rs 1,050 per sq.ft. The guideline value of Saraswathi Avenue is below this median.

• Sarathy Nagar Phase-I, Phase-II: Rs 900 per sq.ft (2024)
• Sanjai Nagar Phase - I: Rs 1,600 per sq.ft (2024)
• Sakthi Nagar: Rs 500 per sq.ft (2024)
• Selli Amman Avenue: Rs 1,800 per sq.ft (2024)
• Sai Enclave: Rs 1,493 per sq.ft (2024)
• Sai Chitra Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Saraswathi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, making a total of Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Saraswathi Avenue?

The Saraswathi Avenue falls under the Thiruporur Sub Registrar Office located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Kannivakkam. It determines the minimum value at which the property must be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures that all transactions are conducted fairly and in accordance with the law.

Frequently asked questions

What is the current guideline value of Saraswathi Avenue?

The current guideline value of Saraswathi Avenue is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 900 per sq.ft since the 2023 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Kannivakkam?

Other streets in Kannivakkam have varying guideline values ranging from Rs 450 to Rs 2,389 per sq.ft, with the median being Rs 1,050 per sq.ft. Saraswathi Avenue's value is below this median.

How is stamp duty calculated for properties in Saraswathi Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 900 per sq.ft would incur a stamp duty of Rs 63,000.

Where can I find the Sub Registrar Office for Saraswathi Avenue?

The Sub Registrar Office covering Saraswathi Avenue is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.