Guideline Value for SARAVANAN ST

Saravanan St guideline value

The current guideline value of Saravanan St in Ammayarkuppam village is Rs 260 per sq.ft, effective from the 2024 revision. This street falls under the Ramakrishna Rajupettai SRO and is classified as Commercial Class I Type - II.

How the guideline value of Saravanan St has changed

The guideline value for Saravanan St has seen several revisions over the years. In the 2007 revision, the value was set at Rs 150 per sq.ft. This increased to Rs 260 per sq.ft in the 2012 revision, marking a significant rise of 73%. However, in the 2017 revision, the value decreased to Rs 174 per sq.ft, which was a drop of 33%. The value then increased again to Rs 260 per sq.ft in both the 2023 and 2024 revisions, showing a 49% rise from 2017 to 2023. Notably, the register has no figures for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 73%. The consistency in the value from 2023 to 2024 indicates stability at Rs 260 per sq.ft.

Guideline values in Ammayarkuppam

Ammayarkuppam village has 43 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value. The values range from Rs 150 to Rs 260 per sq.ft, with the median being Rs 260 per sq.ft. Saravanan St's 2024 figure aligns with this median.

• Santhan street: Rs 260 per sq.ft (2024)
• Sannathi St: Rs 260 per sq.ft (2024)
• Selva Vinayagar Koil St: Rs 260 per sq.ft (2024)
• Sakthiamman koil st: Rs 260 per sq.ft (2024)
• Seshappa St: Rs 260 per sq.ft (2024)
• Siruthondar St: Rs 260 per sq.ft (2024)

Stamp duty and registration fee for property in Saravanan St

For a 1,000 sq.ft plot at the current guideline value of Rs 260 per sq.ft, the total guideline value amounts to Rs 2,60,000. The stamp duty at 7% would be Rs 18,200, and the registration fee at 2% would be Rs 5,200, making the total charges Rs 23,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Saravanan St?

The Sub Registrar Office that covers Saravanan St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ammayarkuppam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are calculated based on either the guideline value or the sale price, whichever is higher. This ensures compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Saravanan St?

The current guideline value of Saravanan St is Rs 260 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 260 per sq.ft in 2012, then decreased to Rs 174 per sq.ft in 2017, and has remained at Rs 260 per sq.ft in both 2023 and 2024.

What is the land classification of Saravanan St?

Saravanan St is classified as Commercial Class I Type - II under the guideline value register.

Where can I find the Sub Registrar Office for Saravanan St?

The Sub Registrar Office for Saravanan St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

How is the stamp duty calculated for properties in Saravanan St?

Stamp duty for properties in Saravanan St is calculated at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.