Guideline Value for SARASWATHI NAGAR

Saraswathi Nagar guideline value

The current guideline value of Saraswathi Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Vallur village under the Thiruvottiyur SRO and is classified as Residential Class II 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 value at Rs 134 per sq.ft, which increased significantly to Rs 200 per sq.ft in the 2023 revision. The current 2024 revision further raised the value to Rs 220 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 551 per sq.ft. The median value is Rs 220 per sq.ft, which is the same as the current guideline value for Saraswathi Nagar.

• Sanjai Ganthi Nagar: Rs 550 per sq.ft (2024)
• Sakthi Nagar: Rs 330 per sq.ft (2024)
• Sababathi Nagar/ Ext: Rs 220 per sq.ft (2024)
• Semmozhi Nagar: Rs 550 per sq.ft (2024)
• Sengam Pillai Nagar: Rs 330 per sq.ft (2024)
• Rajiv Nagar: Rs 220 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 220 per sq.ft, the guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our 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 Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Vallur. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating the stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, thus influencing the overall transaction costs.

Frequently asked questions

What is the current guideline value of Saraswathi Nagar?

The current guideline value of Saraswathi Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 200 per sq.ft in 2023 to Rs 220 per sq.ft in 2024, marking a 10% increase. Overall, from 2017 to 2024, the value has increased by 64%.

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

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

What are the stamp duty rates in Saraswathi Nagar?

The stamp duty rate in Saraswathi Nagar is 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the guideline value.

Are there any revisions without figures for Saraswathi Nagar?

Yes, the register has no figures for the revisions in the years 2002, 2003, 2007, and 2012 for Saraswathi Nagar.