Guideline Value for SAROJAMMAL NAGAR

Sarojammal Nagar guideline value

The current guideline value of Sarojammal Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Palliyaraikuppam village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Sarojammal Nagar has changed

In the 2012 revision, the guideline value was Rs 400 per sq.ft. This remained unchanged in the subsequent 2017 revision, where it was recorded at Rs 268 per sq.ft, reflecting a decrease of 33%. The value then increased by 49% to Rs 400 per sq.ft in the 2023 revision, and it has remained at Rs 400 per sq.ft in the 2024 revision, indicating no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 400 per sq.ft.

Guideline values in Palliyaraikuppam

In Palliyaraikuppam, there are 10 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Sarojammal Nagar is above this median.

• Thiruttanigai Nagar & Ext: Rs 200 per sq.ft (2024)
• Kumaran Nagar: Rs 400 per sq.ft (2024)
• J.J. Nagar: Rs 400 per sq.ft (2024)
• I.C.F. Nagar & Annex: Rs 200 per sq.ft (2024)
• Gothavari Nagar: Rs 200 per sq.ft (2024)
• Balaji Nagar & Ext: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sarojammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total cost for these fees Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sarojammal Nagar?

The Sarojammal Nagar area is covered by 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 Palliyaraikuppam

The guideline value plays a crucial role in the registration process of property transactions in Palliyaraikuppam. It serves as a benchmark for calculating stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the official value set by the registration department. This helps in maintaining transparency and compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Sarojammal Nagar?

The current guideline value of Sarojammal Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2012 to 2024, with fluctuations recorded in previous years. The value decreased to Rs 268 per sq.ft in 2017 before increasing back to Rs 400 per sq.ft in 2023.

What is the land classification for Sarojammal Nagar?

Sarojammal Nagar is classified as Residential Special Type - II, indicating its designated use for residential purposes.

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

For a property valued at Rs 4,00,000, the stamp duty is Rs 28,000 and the registration fee is Rs 8,000, totaling Rs 36,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Sarojammal Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Sarojammal Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.