Guideline Value

Corporate

Guideline Value for SARASWATHI NAGAR

₹330/sq.ft.

The guideline value for Saraswathi Nagar in Nanthiambakkam village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nanthiambakkam

Village

Thiruvottiyur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹50 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹41 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Saraswathi Nagar

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Saraswathi Nagar guideline value

The current guideline value of Saraswathi Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Nanthiambakkam village under the Thiruvottiyur SRO, and it falls under the Residential Special Type - II land classification.

How the guideline value of Saraswathi Nagar has changed

Over the years, the guideline value for Saraswathi Nagar has seen several revisions. The earliest recorded figure is from 2003, which was Rs 41 per sq.ft. This increased to Rs 50 per sq.ft in 2007, then saw a significant jump to Rs 300 per sq.ft in 2012. However, it decreased to Rs 201 per sq.ft in 2017 before rising again to Rs 300 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 330 per sq.ft.

The changes between revisions reflect various fluctuations. From 2003 to 2007, the value increased by 22%, and then it saw a remarkable 500% rise from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, the guideline value has increased by 705% from 2003 to 2024.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft, with a median value of Rs 330 per sq.ft. The guideline value for Saraswathi Nagar is equal to this median.

Stamp duty and registration fee for property in Saraswathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total cost for these fees to Rs 29,700. 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 detailed calculations.

Which Sub Registrar Office covers Saraswathi Nagar?

The Sub Registrar Office that covers Saraswathi Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Nanthiambakkam, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers should be aware that the guideline value can influence the overall cost of property transactions.

When registering a property, the guideline value serves as a benchmark to ensure that the transaction reflects the current market conditions. It is essential for both buyers and sellers to understand how this value is set and revised over time.

Frequently asked questions

What is the current guideline value of Saraswathi Nagar?

The current guideline value of Saraswathi Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 41 per sq.ft in 2003 to Rs 330 per sq.ft in 2024, reflecting various increases and decreases across different revisions.

What is the land classification of Saraswathi Nagar?

Saraswathi Nagar is classified as Residential Special Type - II, which influences its guideline value and usage.

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

The Sub Registrar Office for Saraswathi Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Saraswathi Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 3,30,000 would incur a stamp duty of Rs 23,100.