Guideline Value for SARASWATHI ST

Saraswathi St guideline value

The current guideline value of Saraswathi St is Rs 810 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village under the Avadi SRO, classified as Residential Class I Type - III.

How the guideline value of Saraswathi St has changed

Over the years, the guideline value of Saraswathi St has seen several revisions. The 2012 revision set the value at Rs 650 per sq.ft, which was then reduced to Rs 435 per sq.ft in 2017. Following this, the value increased significantly to Rs 650 per sq.ft in 2023, and then to Rs 810 per sq.ft in the 2024 revision, reflecting a 25% increase from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From the 2012 revision to the 2024 revision, the overall change is a 25% increase. The increase from 2017 to 2023 was 49%, while the change from 2012 to 2017 was a decrease of 33%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 4,400 per sq.ft. The median value for these streets is Rs 935 per sq.ft, placing Saraswathi St's 2024 figure below that median.

• Sathiyamurthy St: Rs 810 per sq.ft (2024)
• Sathiyavani Muthu St: Rs 935 per sq.ft (2024)
• Sathiyavathi Colony: Rs 935 per sq.ft (2024)
• Sathyamurthy Street (Kamaraj Nagar): Rs 1,310 per sq.ft (2024)
• Sanjai Nagar (Or) Sanjeevi Nagar @ Siranjeevi Naga: Rs 800 per sq.ft (2024)
• Samiyar St: Rs 810 per sq.ft (2024)

Stamp duty and registration fee for property in Saraswathi St

For a 1,000 sq.ft plot at the current rate of Rs 810 per sq.ft, the guideline value amounts to Rs 8,10,000. The stamp duty at 7% would be Rs 56,700, and the registration fee at 2% would be Rs 16,200, totaling Rs 72,900. Please 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 St?

The Sub Registrar Office that covers Saraswathi St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects the current market conditions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legalizing the transaction. It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Saraswathi St?

The current guideline value of Saraswathi St is Rs 810 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2012 to Rs 435 per sq.ft in 2017, then increased to Rs 650 per sq.ft in 2023, and finally to Rs 810 per sq.ft in 2024.

What is the land classification of Saraswathi St?

Saraswathi St is classified as Residential Class I Type - III.

Where can I find the registration office for Saraswathi St?

The registration office for Saraswathi St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for property in Saraswathi St?

Stamp duty for property in Saraswathi St is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 810 per sq.ft, the total guideline value would be Rs 8,10,000, leading to a stamp duty of Rs 56,700.