Guideline Value for SRI SARAVANA NAGAR
₹250/sq.ft.
The guideline value for Sri Saravana Nagar in Valluvapakkam village (Walajabad SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Valluvapakkam
Village
Walajabad
SRO
Residential Class I Type - II
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹250 /sq.ft. |
| From 1-4-2023 | ₹250 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹167 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹250 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
DRO (District Registrar Office)
No.52 Orikkai Madhura, Udhayamangulam Village, Near Anna Kudiyiruppu, Kanchipuram-631502
044-27236674
[email protected], [email protected]
Records for a plot on Sri Saravana Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Walajabad sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sri Saravana Nagar guideline value
The current guideline value of Sri Saravana Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Valluvapakkam village under the Walajabad Sub Registrar Office (SRO), classified as Residential Class I Type - II.
How the guideline value of Sri Saravana Nagar has changed
The guideline value for Sri Saravana Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was reduced to Rs 167 per sq.ft, marking a decrease of 33%. Following this, the value increased by 50% to Rs 250 per sq.ft in the 2023 revision. The current 2024 revision maintains this value at Rs 250 per sq.ft, reflecting no change from the previous year.
There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Therefore, the revisions we have are from 2012, 2017, 2023, and the current 2024 revision.
Guideline values in Valluvapakkam
In Valluvapakkam, there are 20 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft. The median value is Rs 250 per sq.ft, which is equal to the guideline value of Sri Saravana Nagar.
- Sri Saraswathi Nagar: Rs 250 per sq.ft (2024)
- Sri Shankara Nagar: Rs 250 per sq.ft (2024)
- Sri Sai Nagar: Rs 300 per sq.ft (2024)
- Subiksham Nagar Ext: Rs 200 per sq.ft (2024)
- Sri Mahalakshmi Nagar: Rs 250 per sq.ft (2024)
- Sri Lakshmi Guberan Nagar: Rs 300 per sq.ft (2024)
Stamp duty and registration fee for property in Sri Saravana Nagar
For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total charges to Rs 22,500. 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 precise calculations.
Which Sub Registrar Office covers Sri Saravana Nagar?
Sri Saravana Nagar falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.
To find your SRO, you can visit find your SRO.
How the guideline value is used when you buy or sell in Valluvapakkam
The guideline value plays a crucial role during the registration of property transactions in Valluvapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.
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 property's assessed value.
Frequently asked questions
What is the current guideline value of Sri Saravana Nagar?
The current guideline value of Sri Saravana Nagar is Rs 250 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then increased to Rs 250 per sq.ft in 2023, and remains at Rs 250 per sq.ft in 2024.
What is the land classification of Sri Saravana Nagar?
Sri Saravana Nagar is classified as Residential Class I Type - II.
Where can I find the Walajabad Sub Registrar Office?
The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.
How is the stamp duty calculated for properties in Sri Saravana Nagar?
Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 2,50,000 would incur a stamp duty of Rs 17,500 at 7%.
Ask the records, or walk the map.
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