Guideline Value

Corporate

Guideline Value for SARASWATHI NAGAR 1 ST STREET

₹1700/sq.ft.

The guideline value for Saraswathi Nagar 1 St Street in Okkiyamthuraipakkam village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 1 St Street

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Saraswathi Nagar 1 St Street guideline value

The current guideline value of Saraswathi Nagar 1 St Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village and falls under the Neelankarai SRO, classified as Residential Class III Type - I.

How the guideline value of Saraswathi Nagar 1 St Street has changed

The guideline value for Saraswathi Nagar 1 St Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,500 per sq.ft. This figure changed to Rs 1,005 per sq.ft in the 2017 revision, which was a decrease of 33%. However, from 2017 to 2023, it increased significantly to Rs 1,500 per sq.ft, marking a rise of 49%. The latest revision in 2024 has set the guideline value at Rs 1,700 per sq.ft, reflecting a 13% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 13%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this village is Rs 3,300 per sq.ft, placing the 2024 figure for Saraswathi Nagar 1 St Street below that median.

Stamp duty and registration fee for property in Saraswathi Nagar 1 St Street

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, leading to a total of Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Saraswathi Nagar 1 St Street?

The Saraswathi Nagar 1 St Street falls under the Neelankarai Sub Registrar Office located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering a property in Okkiyamthuraipakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal purposes and taxation. It is advisable to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Saraswathi Nagar 1 St Street?

The current guideline value of Saraswathi Nagar 1 St Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the median guideline value in Okkiyamthuraipakkam?

The median guideline value in Okkiyamthuraipakkam is Rs 3,300 per sq.ft, which is higher than the current guideline value of Saraswathi Nagar 1 St Street.

What are the stamp duty rates for property transactions?

The stamp duty rate is currently set at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.