Guideline Value for SARASWATHI NAGAR

Saraswathi Nagar guideline value

The current guideline value of Saraswathi Nagar, located in Kerukampakkam village under the Oothukkottai SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Saraswathi Nagar has changed

The guideline value for Saraswathi Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 75 per sq.ft, which increased to Rs 50 per sq.ft in the 2017 revision. Following this, the 2023 revision maintained the value at Rs 100 per sq.ft, which has remained unchanged in the 2024 revision.

From 2012 to 2017, the value decreased by 33%, but it then saw a significant increase of 100% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kerukampakkam

In Kerukampakkam, there are eight streets under the Oothukkottai SRO that carry a guideline value of Rs 100 per sq.ft as of 2024, with the median also at Rs 100 per sq.ft. This means that the guideline value of Saraswathi Nagar aligns with the median value for the area.

• Rojar Garden: Rs 100 per sq.ft (2024)
• S.V. Nagar: Rs 100 per sq.ft (2024)
• Pandurangan Nagar: Rs 100 per sq.ft (2024)
• M.R. Nagar: Rs 100 per sq.ft (2024)
• Golden Dass Nagar-Phase-2: Rs 100 per sq.ft (2024)
• Fruit Garden: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Saraswathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, resulting in Rs 7,000, and the registration fee is 2%, amounting to Rs 2,000. Together, the total fees would be Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use 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 Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is crucial when buying or selling property, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When you register a property in Kerukampakkam, the guideline value will be referenced to assess the applicable fees. It is essential to be aware of the current guideline value to avoid any discrepancies 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 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2012 to Rs 50 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023 and has remained the same in 2024.

What is the classification of land in Saraswathi Nagar?

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

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

The Oothukkottai Sub Registrar Office covers Saraswathi Nagar and is located near the government hospital in Uthukottai, 602026, Chennai 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 valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at a rate of 7%.