Guideline Value for SARASWATHI NAGAR

Saraswathi Nagar guideline value

The current guideline value of Saraswathi Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is located in Nedunkumdram village under the Tambaram Joint 1 SRO and is classified as Residential Special Type - II.

How the guideline value of Saraswathi Nagar has changed

The guideline value for Saraswathi Nagar has seen several revisions over the years. In 2012, the value was Rs 1,300 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 871 per sq.ft. The value then rose significantly to Rs 1,300 per sq.ft in 2023 and further increased to Rs 1,430 per sq.ft in 2024. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The most recent change from 2023 to 2024 reflects a 10% increase, bringing the overall change from 2012 to 2024 to a modest 10% increase.

Guideline values in Nedunkumdram

Nedunkumdram village comprises 75 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 330 to Rs 5,300 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Saraswathi Nagar's 2024 figure below that median.

• Saraswathi Nagar Extension: Rs 1,430 per sq.ft (2024)
• Sbjh Garden: Rs 1,980 per sq.ft (2024)
• Sadhanandha Nagar: Rs 1,650 per sq.ft (2024)
• Sadanantha Puram: Rs 1,650 per sq.ft (2024)
• Ramasamy Nagar: Rs 1,320 per sq.ft (2024)
• S & P Signature Villas: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Saraswathi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,430 per sq.ft, the guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, totaling Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saraswathi Nagar?

The Sub Registrar Office covering Saraswathi Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Nedunkumdram, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Saraswathi Nagar?

The current guideline value of Saraswathi Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, then back to Rs 1,300 per sq.ft in 2023, and finally to Rs 1,430 per sq.ft in 2024.

What are the other streets in Nedunkumdram with their guideline values?

Other streets in Nedunkumdram include Saraswathi Nagar Extension at Rs 1,430 per sq.ft, Sbjh Garden at Rs 1,980 per sq.ft, and Sadhanandha Nagar at Rs 1,650 per sq.ft, among others.

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

For a property valued at Rs 14,30,000, the stamp duty would be Rs 1,00,100 and the registration fee would be Rs 28,600, totaling Rs 1,28,700.

Where is the Sub Registrar Office for Saraswathi Nagar located?

The Sub Registrar Office for Saraswathi Nagar is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.