Guideline Value for SARATHI NAGAR

Sarathi Nagar guideline value

The current guideline value of Sarathi Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village and falls under the Avadi SRO. The land classification for this street is Residential Class II Type - III.

How the guideline value of Sarathi Nagar has changed

The guideline value for Sarathi Nagar has undergone several revisions since 2017. In 2017, the value was Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Sarathi Nagar in the register.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the current guideline value of Sarathi Nagar.

• Saraswathi Nagar & Streets & Extn: Rs 770 per sq.ft (2024)
• Sastaa Nagar: Rs 770 per sq.ft (2024)
• Sastha Nagar Annexe - I: Rs 768 per sq.ft (2024)
• Sandiya Street: Rs 440 per sq.ft (2024)
• Sambangi Nagar & Streets: Rs 870 per sq.ft (2024)
• Sakthivel Nagar & Streets: Rs 770 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 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to 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 Sarathi Nagar?

The Sub Registrar Office that covers Sarathi Nagar 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 details.

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

The guideline value is a crucial factor in the property registration process in Thiruninravur-B. It serves as a benchmark for determining the minimum value at which a property can be registered, affecting the stamp duty and registration fees payable by the buyer.

When buying or selling property, the guideline value helps ensure transparency and fairness in transactions. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Sarathi Nagar?

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

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 469 per sq.ft to Rs 770 per sq.ft in 2024. The increase from 2017 to 2023 was 49%, and from 2023 to 2024, it was 10%.

What is the land classification for Sarathi Nagar?

Sarathi Nagar is classified as Residential Class II Type - III. This classification is important for determining the appropriate uses and regulations for the properties in this area.

What are the stamp duty and registration fees for properties in Sarathi Nagar?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Sarathi Nagar?

The Avadi Sub Registrar Office handles registrations for Sarathi Nagar. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.