Guideline Value

Corporate

Guideline Value for SARATHY NAGAR

₹4400/sq.ft.

The guideline value for Sarathy Nagar in Saidapet village (Chennai South Joint I SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saidapet

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹872 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹758 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sarathy Nagar

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Sarathy Nagar guideline value

The current guideline value of Sarathy Nagar, located in Saidapet village under the Chennai South Joint I SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Sarathy Nagar has changed

The guideline value for Sarathy Nagar has seen significant changes over the years. In the 2002 revision, the value was Rs 758 per sq.ft. It increased to Rs 872 per sq.ft in 2003, marking a 15% rise. The value then rose to Rs 1,300 per sq.ft in 2007, reflecting a 49% increase. In 2012, the value was recorded at Rs 4,000 per sq.ft, which was a substantial 208% increase from the previous revision. However, the value dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The 2023 revision saw the value rise again to Rs 4,000 per sq.ft, and the current 2024 revision has set it at Rs 4,400 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 480%. There are no figures available for revisions in years other than those mentioned.

Guideline values in Saidapet

Saidapet village has a range of guideline values across its 52 streets under the Chennai South Joint I SRO, with the 2024 figures ranging from Rs 2,750 to Rs 8,250 per sq.ft. The median value is Rs 3,300 per sq.ft, positioning Sarathy Nagar's 2024 figure above this median.

Stamp duty and registration fee for property in Sarathy Nagar

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sarathy Nagar?

The Sub Registrar Office that covers Sarathy Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Saidapet. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the registration process reflects the current market conditions accurately.

Frequently asked questions

What is the current guideline value of Sarathy Nagar?

The current guideline value of Sarathy Nagar is Rs 4,400 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 758 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, which is a total increase of 480% over the years.

What is the land classification of Sarathy Nagar?

Sarathy Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty rates in Sarathy Nagar?

The stamp duty rate in Sarathy Nagar is 7%, calculated on the higher of the guideline value or the sale price of the property.

Where can I find the Sub Registrar Office for Sarathy Nagar?

The Sub Registrar Office for Sarathy Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.