Guideline Value for SARASWATHI GARDEN

Saraswathi Garden guideline value

The current guideline value of Saraswathi Garden is Rs 1,200 per sq.ft, effective from 1 July 2024. This area falls under Madambakkam village and is registered with the Gooduvancheri SRO. The land classification for this street is Commercial Special Type - I.

How the guideline value of Saraswathi Garden has changed

The guideline value for Saraswathi Garden has remained consistent at Rs 1,200 per sq.ft since the 2023 revision and continues to hold this value in the 2024 revision, reflecting a change of +0%. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value has seen no increase between the 2023 and 2024 revisions, maintaining the same rate of Rs 1,200 per sq.ft. This stability indicates a consistent valuation for the property in this area.

Guideline values in Madambakkam

In Madambakkam, there are 110 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft, with a median value of Rs 1,200 per sq.ft. The guideline value for Saraswathi Garden aligns perfectly with this median.

• Santhosh Nagar: Rs 1,200 per sq.ft (2024)
• Sarvamangala Avenue: Rs 1,200 per sq.ft (2024)
• Sathya Avenue: Rs 1,200 per sq.ft (2024)
• Sakthi Avenue: Rs 1,200 per sq.ft (2024)
• Selva Vinayagar Nagar: Rs 1,200 per sq.ft (2024)
• Sai Avenue: Rs 1,201 per sq.ft (2024)

Stamp duty and registration fee for property in Saraswathi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. 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 Saraswathi Garden?

The Sub Registrar Office that covers Saraswathi Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Madambakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value of Saraswathi Garden?

The current guideline value of Saraswathi Garden is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 1,200 per sq.ft since the 2023 revision, with no changes recorded in previous revisions for this street.

What are the stamp duty and registration fees for property in Saraswathi Garden?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000, and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which office handles registrations for Saraswathi Garden?

The Gooduvancheri Sub Registrar Office handles registrations for Saraswathi Garden, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the median guideline value in Madambakkam?

The median guideline value in Madambakkam is Rs 1,200 per sq.ft, with values ranging from Rs 800 to Rs 2,000 per sq.ft across 110 streets under the Gooduvancheri SRO.