Guideline Value for SARASWATHI NAGAR ANNEX

Saraswathi Nagar Annex guideline value

The current guideline value of Saraswathi Nagar Annex is Rs 495 per sq.ft, effective from 1 July 2024. This area is located in Pyanoor village, under the Thiruporur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Saraswathi Nagar Annex has changed

The guideline value for Saraswathi Nagar Annex has seen several revisions over the years. The earliest available figure is from 2012, which was Rs 450 per sq.ft. In 2017, this value decreased to Rs 301 per sq.ft, reflecting a drop of 33%. The next revision in 2023 increased the value to Rs 450 per sq.ft, and the most recent revision in 2024 set the value at Rs 495 per sq.ft, marking a 10% increase from the previous year.

In summary, the guideline value has changed from Rs 450 in 2012 to Rs 495 in 2024, resulting in an overall increase of 10% over this period. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pyanoor

In Pyanoor village, five streets are assigned a 2024 guideline value ranging from Rs 275 to Rs 495 per sq.ft, with a median value of Rs 331 per sq.ft. The guideline value for Saraswathi Nagar Annex is above this median.

• Parvadhavardhini Nagar: Rs 440 per sq.ft (2024)
• Varsha Township Phase I: Rs 331 per sq.ft (2024)
• Varsha Township Phase II: Rs 331 per sq.ft (2024)
• Mamalla Artiste Villages: Rs 275 per sq.ft (2024)

Stamp duty and registration fee for property in Saraswathi Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 495 per sq.ft, the total guideline value would be Rs 4,95,000. The stamp duty at 7% would amount to Rs 34,650, and the registration fee at 2% would be Rs 9,900, leading to a total of Rs 44,550. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Saraswathi Nagar Annex?

The Saraswathi Nagar Annex falls under the jurisdiction of 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 Pyanoor

The guideline value is a crucial factor in property transactions in Pyanoor. It serves as the basis for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider this value to ensure they comply with the legal requirements during registration.

When a property is registered, the guideline value is used to determine the applicable fees, which are charged based on the higher of the guideline value or the actual sale price. This ensures that all transactions are processed fairly and transparently, adhering to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Saraswathi Nagar Annex?

The current guideline value of Saraswathi Nagar Annex is Rs 495 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 in 2012 to Rs 495 in 2024, with various revisions in between, including a decrease in 2017 and subsequent increases in 2023 and 2024.

What is the land classification of Saraswathi Nagar Annex?

Saraswathi Nagar Annex is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Thiruporur Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Saraswathi Nagar Annex?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 495 per sq.ft, the total guideline value would be Rs 4,95,000, leading to a stamp duty of Rs 34,650.