Guideline Value for SARASWATHY SQUARE STREET

Saraswathy Square Street guideline value

The current guideline value of Saraswathy Square Street is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Saraswathy Square Street has changed

The guideline value for Saraswathy Square Street has seen several revisions over the years. In 2003, the guideline value was Rs 558 per sq.ft, which increased to Rs 800 per sq.ft in 2007, marking a 43% rise. The value then surged to Rs 4,000 per sq.ft in 2012, reflecting a significant increase of 400%. However, from 2012 to 2017, the value dropped to Rs 2,680 per sq.ft, a decrease of 33%. The most recent revision in 2024 set the guideline value at Rs 4,300 per sq.ft, which is a substantial increase of 60% from the 2017 figure.

Overall, from 2003 to 2024, the guideline value has increased by 671%. It is important to note that there are no figures available for the years 2023 and 2002 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that have a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Rs 4,300 per sq.ft for Saraswathy Square Street is above this median.

• Saraswathy Street: Rs 3,800 per sq.ft (2024)
• Sarma Nagar Door No.1 To 450.: Rs 2,700 per sq.ft (2024)
• Santhiyappa Mudali 3rd Street: Rs 4,900 per sq.ft (2024)
• Santhiyappa Mudali 2nd Street: Rs 4,900 per sq.ft (2024)
• Santhiyappa Mudali 1st Street: Rs 4,900 per sq.ft (2024)
• Santhi Nagar Main Road: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Saraswathy Square Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value would be Rs 43,00,000. The stamp duty at 7% would amount to Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, bringing the total to Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Saraswathy Square Street?

The Sub Registrar Office that covers Saraswathy Square Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling a property in Perambur, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. Accurate knowledge of the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Saraswathy Square Street?

The current guideline value of Saraswathy Square Street is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 558 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, reflecting an overall increase of 671% over the years.

What is the stamp duty for property in Saraswathy Square Street?

The stamp duty for a property valued at Rs 43,00,000 would be Rs 3,01,000, calculated at 7% of the guideline value.

Which Sub Registrar Office covers this street?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, covers Saraswathy Square Street.

What are the guideline values of other streets in Perambur?

Other streets in Perambur have varying guideline values, with Saraswathy Square Street at Rs 4,300 per sq.ft, and other streets like Santhiyappa Mudali 3rd Street at Rs 4,900 per sq.ft and Sarma Nagar Door No.1 To 450. at Rs 2,700 per sq.ft.