Guideline Value for SARASWATHINAGAR

Saraswathinagar guideline value

The current guideline value of Saraswathinagar is Rs 1,625 per sq.ft, effective from 1 July 2024. This area is located in Paruthipattu village, under the Avadi SRO, and is classified as Residential Special Type - I.

How the guideline value of Saraswathinagar has changed

The guideline value for Saraswathinagar has undergone several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 76 per sq.ft. This increased to Rs 137 per sq.ft in 2003, marking an increase of 80%. The value saw a significant rise to Rs 600 per sq.ft in 2007, which is an increase of 338%. In 2012, the value reached Rs 1,200 per sq.ft, reflecting a 100% increase from the previous revision. However, it then decreased to Rs 804 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 1,500 per sq.ft in 2023, which was an 87% increase. The most recent revision in 2024 set the guideline value at Rs 1,625 per sq.ft, an increase of 8% from the previous year.

There are no figures available for the years not listed in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 2,038%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,730 per sq.ft. The median value is Rs 1,625 per sq.ft, which is equal to the current guideline value for Saraswathinagar.

• S.A.P.Harijan Colony: Rs 950 per sq.ft (2024)
• Saraswathi St, Govarthanagiri: Rs 1,625 per sq.ft (2024)
• Sanmathi Avenue: Rs 1,625 per sq.ft (2024)
• Sankar Nagar & Sankarar Nagar: Rs 1,625 per sq.ft (2024)
• Sankar Nagar: Rs 1,625 per sq.ft (2024)
• Sakthi Nagar: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Saraswathinagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, totaling Rs 1,46,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Saraswathinagar?

The Sub Registrar Office that covers Saraswathinagar 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 Paruthipattu

The guideline value is a crucial factor in the registration of property transactions in Paruthipattu. When you buy or sell property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the fees are calculated based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall costs involved in the property transaction. Ensuring compliance with these values is necessary for a smooth registration process.

Frequently asked questions

What is the current guideline value for Saraswathinagar?

The current guideline value for Saraswathinagar is Rs 1,625 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 76 per sq.ft in 2002 to Rs 1,625 per sq.ft in 2024, which is an overall increase of 2,038%.

What is the land classification for Saraswathinagar?

Saraswathinagar is classified as Residential Special Type - I, which is important for understanding the type of developments allowed in this area.

Where can I find the Sub Registrar Office for Saraswathinagar?

The Avadi Sub Registrar Office covers Saraswathinagar and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,625 per sq.ft would incur a total cost of Rs 1,46,250 in fees.