Guideline Value for SARASWATHI NAGAR

Saraswathi Nagar guideline value

The current guideline value of Saraswathi Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Perumpakkam village under the Tiruvallur Joint 1 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 earliest recorded revision was in 2017, where the value was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Perumpakkam

In Perumpakkam, there are 17 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 680 to Rs 1,650 per sq.ft. The median value among these streets is Rs 770 per sq.ft, which is equal to the guideline value of Saraswathi Nagar.

• Sambandham Garden: Rs 1,099 per sq.ft (2024)
• Sai Avenue: Rs 1,650 per sq.ft (2024)
• Sri Karparga Vinayagar Nagar: Rs 680 per sq.ft (2024)
• Srivari Avenue: Rs 680 per sq.ft (2024)
• Srivari Nagar: Rs 1,650 per sq.ft (2024)
• T.N.R. Nagar: Rs 680 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 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty, calculated at 7%, would amount to Rs 53,900, while the registration fee at 2% would be Rs 15,400. Therefore, the total cost for stamp duty and registration would be Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Saraswathi Nagar?

The Sub Registrar Office covering Saraswathi Nagar is 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Perumpakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures that all transactions are compliant with local regulations.

Frequently asked questions

What is the current guideline value of Saraswathi Nagar?

The current guideline value of Saraswathi Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value has increased by 64%, rising from Rs 469 per sq.ft to Rs 770 per sq.ft.

What is the registration office for Saraswathi Nagar?

The registration office for Saraswathi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated in Saraswathi Nagar?

Stamp duty in Saraswathi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. This is then complemented by a registration fee of 2%.

Are there any years without recorded guideline values for Saraswathi Nagar?

Yes, there are no recorded guideline values for Saraswathi Nagar for the years 2002, 2003, 2007, and 2012.