Guideline Value for SARASWATHI NAGAR ANNEX

Saraswathi Nagar Annex guideline value

The current guideline value of Saraswathi Nagar Annex is Rs 300 per sq.ft. This property is located in Thozhuvur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Saraswathi Nagar Annex has changed

In the 2012 revision, the guideline value was set at Rs 300 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. However, in the 2023 revision, the guideline value increased significantly to Rs 300 per sq.ft again. The register has no figures for the revisions in 2002, 2003, 2007, and 2024.

From the 2012 to 2017 revision, there was a decrease of 33%. Conversely, from 2017 to 2023, the guideline value saw an increase of 49%. Overall, from 2012 to 2023, the guideline value has remained the same at Rs 300 per sq.ft.

Guideline values in Thozhuvur

Currently, there are no specific guideline values available for other streets in Thozhuvur under the Tiruvallur Joint 1 SRO. The only guideline value we have is for Saraswathi Nagar Annex.

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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, leading to a total of Rs 27,000. 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 details.

Which Sub Registrar Office covers Saraswathi Nagar Annex?

The Sub Registrar Office that covers Saraswathi Nagar Annex is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Thozhuvur, the guideline value is a crucial factor used during the registration process. It determines the stamp duty and registration fees applicable to the transaction, ensuring that the fees are calculated based on a standardized value set by the government.

The guideline value serves as a reference point for property transactions, helping to establish a fair basis for the charges incurred during registration. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Saraswathi Nagar Annex?

The current guideline value of Saraswathi Nagar Annex is Rs 300 per sq.ft as per the 2023 revision.

What was the guideline value in previous revisions?

In the 2012 revision, the guideline value was Rs 300 per sq.ft. It decreased to Rs 201 per sq.ft in the 2017 revision, before rising back to Rs 300 per sq.ft in the 2023 revision.

How much has the guideline value changed over the years?

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. Overall, the guideline value from 2012 to 2023 has remained the same.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at 7%, and the registration fee would be Rs 6,000 at 2%, totaling Rs 27,000.

Where can I find the Sub Registrar Office for Saraswathi Nagar Annex?

The Sub Registrar Office for Saraswathi Nagar Annex is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.