Guideline Value for SARATHI NAGAR

Sarathi Nagar guideline value

The current guideline value of Sarathi Nagar, located in Thiruninravur-A village, is Rs 750 per sq.ft, effective from the 2024 revision. This area falls under the Avadi SRO and is classified as Residential Class II Type - III.

How the guideline value of Sarathi Nagar has changed

The guideline value for Sarathi Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 60%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a guideline value for 2024, ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, which is equal to the current value of Sarathi Nagar.

• Saraswathi Nagar & Streets & Extn: Rs 750 per sq.ft (2024)
• Sastaa Nagar: Rs 750 per sq.ft (2024)
• Sastha Nagar Annexe - I: Rs 770 per sq.ft (2024)
• Sandiya Street: Rs 440 per sq.ft (2024)
• Sambangi Nagar & Streets: Rs 840 per sq.ft (2024)
• Sakthivel Nagar & Streets: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Sarathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty, charged at 7%, would be Rs 52,500, while the registration fee at 2% would be Rs 15,000, bringing the total fees to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sarathi Nagar?

Sarathi Nagar falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To locate your nearest office, you can find your SRO.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor in the registration process for property transactions in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the expected value of the property. It is essential for buyers to be aware of this value to ensure they are making informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Sarathi Nagar?

The current guideline value of Sarathi Nagar is Rs 750 per sq.ft, effective from the 2024 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 60%, from Rs 469 per sq.ft to Rs 750 per sq.ft in 2024.

What is the registration office for Sarathi Nagar?

Sarathi Nagar is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What are the stamp duty rates applicable in Sarathi Nagar?

The stamp duty rate applicable in Sarathi Nagar is 7% of the guideline value or the sale price, whichever is higher.

How many streets are there in Thiruninravur-A with a guideline value?

There are 382 streets in Thiruninravur-A under the Avadi SRO that carry a guideline value for 2024, ranging from Rs 440 to Rs 2,750 per sq.ft.