Guideline Value for SARASWATHI NAGAR

Saraswathi Nagar guideline value

The current guideline value of Saraswathi Nagar is Rs 120 per sq.ft, effective from 1 July 2024. This area is located in Ariyapakkam village under the Arani_Tiruvallur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Saraswathi Nagar has changed

The guideline value for Saraswathi Nagar has seen several revisions over the years. The 2017 revision set the guideline value at Rs 80 per sq.ft, which increased by 50% to Rs 120 per sq.ft in the 2023 revision. The 2024 revision has maintained this value at Rs 120 per sq.ft, showing no change from 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%.

Guideline values in Ariyapakkam

In Ariyapakkam, there are three streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value, ranging from Rs 120 to Rs 350 per sq.ft. The median for these streets is Rs 120 per sq.ft, which is equal to the guideline value of Saraswathi Nagar.

• Sri Ambigai Nagar: Rs 120 per sq.ft (2024)
• Ideal 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 120 per sq.ft, the guideline value would be Rs 1,20,000. The stamp duty at 7% would amount to Rs 8,400, and the registration fee at 2% would be Rs 2,400, totaling Rs 10,800. 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 details.

Which Sub Registrar Office covers Saraswathi Nagar?

The Sub Registrar Office that covers Saraswathi Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process for property transactions in Ariyapakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold or bought, the guideline value is compared to the sale price. The higher of the two amounts is used to calculate the stamp duty and registration fees, ensuring that the correct charges are applied during the registration process.

Frequently asked questions

What is the current guideline value of Saraswathi Nagar?

The current guideline value of Saraswathi Nagar is Rs 120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 80 per sq.ft in 2017 to Rs 120 per sq.ft in both 2023 and 2024, representing a 50% increase overall from 2017 to 2024.

What are the other streets in Ariyapakkam with guideline values?

Other streets in Ariyapakkam under the Arani_Tiruvallur SRO include Sri Ambigai Nagar with a guideline value of Rs 120 per sq.ft and Ideal Nagar with a guideline value of Rs 350 per sq.ft for 2024.

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

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 1,20,000 would incur a stamp duty of Rs 8,400 at 7%.

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

The Sub Registrar Office for Saraswathi Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.