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Guideline Value

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Guideline Value for SARASWATHI NAGAR & STREETS & EXTN

₹750/sq.ft.

The guideline value for Saraswathi Nagar & Streets & Extn in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 750 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹750 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Saraswathi Nagar & Streets & Extn

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Saraswathi Nagar & Streets & Extn guideline value

The current guideline value for Saraswathi Nagar & Streets & Extn is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village under the Avadi SRO and is classified as Residential Class II Type - III.

How the guideline value of Saraswathi Nagar & Streets & Extn has changed

The guideline value for Saraswathi Nagar & Streets & Extn has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft. This was followed by a significant increase in the 2023 revision to Rs 700 per sq.ft, marking a 49% rise. The most recent revision in 2024 further increased the value to Rs 750 per sq.ft, a change of 7% from the previous year. It is important to note that the register has no figures for this street in the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 60%. This consistent upward trend reflects the changing dynamics of property values in the area.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which aligns with the guideline value for Saraswathi Nagar & Streets & Extn.

Stamp duty and registration fee for property in Saraswathi Nagar & Streets & Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, while the registration fee at 2% would be Rs 15,000. Together, these fees would total Rs 67,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saraswathi Nagar & Streets & Extn?

The Saraswathi Nagar & Streets & Extn area falls under the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable duties and fees. This ensures that the government collects the appropriate revenue based on the established values for different areas.

Frequently asked questions

What is the current guideline value for Saraswathi Nagar & Streets & Extn?

The current guideline value for Saraswathi Nagar & Streets & Extn is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 750 per sq.ft in 2024, reflecting an overall increase of 60%.

What are the other streets with similar guideline values in Thiruninravur-A?

Other streets in Thiruninravur-A with a guideline value of Rs 750 per sq.ft in 2024 include Sarathi Nagar and Sakthivel Nagar & Streets.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Saraswathi Nagar & Streets & Extn?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 at a rate of 7%.