Guideline Value for SAVATUR (OR) NARAYANAREDDYKANDUGAI

Savatur (Or) Narayanareddykandugai guideline value

The current guideline value of Savatur (Or) Narayanareddykandugai is Rs 126 per sq.ft, effective from 1 July 2024. This street is located in Podaturpet village, under the Pallipattu SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Savatur (Or) Narayanareddykandugai has changed

The guideline value for Savatur (Or) Narayanareddykandugai has undergone several revisions over the years. The 2017 revision set the value at Rs 84 per sq.ft. This figure remained the same until the 2023 revision, which also recorded Rs 126 per sq.ft. The most recent 2024 revision has maintained this value at Rs 126 per sq.ft, indicating no change from the previous year.

From the 2017 revision to the 2023 revision, there was a 50% increase in the guideline value. Overall, comparing the 2017 figure to the current 2024 value, there has been a 50% increase as well.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value of Savatur (Or) Narayanareddykandugai is below this median.

• Silambu Paliyam Street: Rs 250 per sq.ft (2024)
• Ranga Nadhar Street: Rs 250 per sq.ft (2024)
• Sri Sairam Avn Nagar: Rs 275 per sq.ft (2024)
• Puduur Village: Rs 202 per sq.ft (2024)
• Ponniyamman Koil Street: Rs 250 per sq.ft (2024)
• Pillai Paliyam Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Savatur (Or) Narayanareddykandugai

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value would be Rs 1,26,000. The stamp duty at 7% would amount to Rs 8,820, and the registration fee at 2% would be Rs 2,520, resulting in a total of Rs 11,340. 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 based on your property details.

Which Sub Registrar Office covers Savatur (Or) Narayanareddykandugai?

The Savatur (Or) Narayanareddykandugai area is covered by the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Podaturpet. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Savatur (Or) Narayanareddykandugai?

The current guideline value of Savatur (Or) Narayanareddykandugai is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 84 per sq.ft in 2017 to Rs 126 per sq.ft in both 2023 and 2024, reflecting a 50% increase overall since 2017.

What are the guideline values of other streets in Podaturpet?

Other streets in Podaturpet have guideline values ranging from Rs 100 to Rs 300 per sq.ft, with the median being Rs 250 per sq.ft.

How is stamp duty calculated for properties in Savatur (Or) Narayanareddykandugai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 126 per sq.ft would incur a total stamp duty of Rs 8,820.

Which office handles property registrations for Savatur (Or) Narayanareddykandugai?

The Pallipattu Sub Registrar Office handles property registrations for Savatur (Or) Narayanareddykandugai, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.