Guideline Value for SARASWATHI NAGAR

Saraswathi Nagar guideline value

The current guideline value of Saraswathi Nagar, located in Uthukadu-B village, is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification and is managed by the Walajabad SRO.

How the guideline value of Saraswathi Nagar has changed

The guideline value for Saraswathi Nagar has remained consistent at Rs 300 per sq.ft from the 2023 revision to the 2024 revision, showing no change (0%). Prior to 2023, the register has no figures for this street for the years 2017, 2012, 2007, 2003, and 2002.

In the 2024 revision, the guideline value was set at Rs 300 per sq.ft, which is the same as the 2023 revision. As such, there has been no increase or decrease in the guideline value over the last two years.

Guideline values in Uthukadu-B

In Uthukadu-B village, there are 33 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Saraswathi Nagar is below this median.

• Saraswathi Nagar Phase -1: Rs 300 per sq.ft (2024)
• Sangeetha Nagar: Rs 350 per sq.ft (2024)
• Spring Fields: Rs 300 per sq.ft (2024)
• Sri Aksaya Garden: Rs 400 per sq.ft (2024)
• Sri Balaji Avenue: Rs 771 per sq.ft (2024)
• Sri Balamurugan Nagar: Rs 350 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 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saraswathi Nagar?

Saraswathi Nagar is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Uthukadu-B

The guideline value is a critical factor in property transactions in Uthukadu-B. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value influences the stamp duty and registration fees that need to be paid. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Saraswathi Nagar?

The current guideline value of Saraswathi Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Saraswathi Nagar has remained unchanged at Rs 300 per sq.ft from 2023 to 2024. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification of Saraswathi Nagar?

Saraswathi Nagar falls under the Residential Class I Type - II land classification.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated for properties in Saraswathi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 3,00,000, the stamp duty at 7% would be Rs 21,000.