Guideline Value for SAROJINI NAGR

Sarojini Nagr guideline value

The current guideline value of Sarojini Nagr, located in Orathur village under the Gooduvancheri SRO, is Rs 500 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Sarojini Nagr has changed

The guideline value for Sarojini Nagr has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 500 per sq.ft. The 2017 revision recorded a lower value of Rs 335 per sq.ft, marking a decrease of 33% from the 2012 figure. The most recent revision in 2024 has maintained the value at Rs 500 per sq.ft, reflecting no change from the previous year.

For the years 2002, 2003, and 2007, the register has no figure for this street. Overall, from 2012 to 2024, the guideline value has remained stable, with an overall change of 0% during this period.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft. The median value is Rs 500 per sq.ft, which is the same as the current guideline value for Sarojini Nagr.

• Selvi Enclave: Rs 500 per sq.ft (2024)
• Sakthi Nagar: Rs 500 per sq.ft (2024)
• Shanmuga Nagar Phase-I: Rs 500 per sq.ft (2024)
• Sabari Nagar: Rs 500 per sq.ft (2024)
• Shiridi Sai Nagar: Rs 600 per sq.ft (2024)
• Shri Shanmuga Nagr Phase-IV: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sarojini Nagr

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty is charged at 7%, which amounts to Rs 35,000, and the registration fee is charged at 2%, amounting to Rs 10,000. Therefore, the total cost for stamp duty and registration fee together is Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sarojini Nagr?

The Sarojini Nagr area falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Orathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the necessary fees, which are based on the higher of the guideline value or the actual sale price. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sarojini Nagr?

The current guideline value of Sarojini Nagr is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since the 2012 revision, with a decrease to Rs 335 per sq.ft in 2017 and returning to Rs 500 per sq.ft in subsequent revisions.

What is the land classification for Sarojini Nagr?

The land classification for Sarojini Nagr is Residential Special Type - II.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sarojini Nagr?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at 7%.