Guideline Value for SARAVANA NAGAR

Saravana Nagar guideline value

The current guideline value of Saravana Nagar is Rs 700 per sq.ft. This area falls under Pakkam village and is governed by the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Saravana Nagar has changed

In the 2012 revision, the guideline value was set at Rs 700 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 469 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased to Rs 700 per sq.ft again, representing a significant increase of 49% from the 2017 figure.

Overall, from 2012 to 2023, the guideline value has remained the same at Rs 700 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Pakkam

Currently, there are no specific village figures available for Pakkam. Saravana Nagar is the only street mentioned in the context of guideline values under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Saravana Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Saravana Nagar?

The Sub Registrar Office that covers Saravana Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Pakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid to the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. The higher of the guideline value or the sale price will be used for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Saravana Nagar?

The current guideline value of Saravana Nagar is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

From the 2012 revision to the 2017 revision, the guideline value decreased from Rs 700 per sq.ft to Rs 469 per sq.ft. It then increased again to Rs 700 per sq.ft in the 2023 revision.

What is the land classification for Saravana Nagar?

Saravana Nagar is classified as Residential Class I Type - I, indicating its designation for residential purposes.

Where is the Sub Registrar Office for Saravana Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in Saravana Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 7,00,000, the stamp duty at 7% would be Rs 49,000.