Guideline Value for SARASWATHI NAGAR

Saraswathi Nagar guideline value

The current guideline value of Saraswathi Nagar is Rs 680 per sq.ft, effective from 1 July 2024. This area is located in Ivelyagaram Thalakancheri village, under the Tiruvallur Joint 1 SRO, 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 register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision recorded a guideline value of Rs 626 per sq.ft, which increased by 9% to Rs 680 per sq.ft in the 2024 revision.

This increase reflects the changes made in the guideline values over the recent years, with the most recent adjustment coming into effect on 1 July 2024. The 2024 figure of Rs 680 per sq.ft is the latest available for this street.

Guideline values in Ivelyagaram Thalakancheri

In Ivelyagaram Thalakancheri, there are four streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 680 to Rs 1,500 per sq.ft. The median value for these streets is Rs 1,150 per sq.ft, placing Saraswathi Nagar's 2024 figure below that median.

• Annachi Avenue (S.No. 181/2pt): Rs 800 per sq.ft (2024)
• Bvr Gardens: Rs 1,500 per sq.ft (2024)
• Bvr Gardens -I: Rs 1,500 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 680 per sq.ft, the total guideline value amounts to Rs 6,80,000. The stamp duty at 7% would be Rs 47,600, and the registration fee at 2% would be Rs 13,600, bringing the total cost for these fees to Rs 61,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saraswathi Nagar?

The Saraswathi Nagar area falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Ivelyagaram Thalakancheri. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the transaction is recorded accurately according to the established rates.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers and sellers must be aware of these values to ensure compliance with local regulations 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 680 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 626 per sq.ft in 2023 to Rs 680 per sq.ft in 2024, reflecting a 9% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Ivelyagaram Thalakancheri?

The median guideline value in Ivelyagaram Thalakancheri is Rs 1,150 per sq.ft, with Saraswathi Nagar's 2024 figure of Rs 680 per sq.ft being below this median.

What are the stamp duty and registration fees for property in Saraswathi Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 47,600 and the registration fee would be Rs 13,600, totaling Rs 61,200. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Saraswathi Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. This office handles registrations for properties in Saraswathi Nagar.