Guideline Value

Corporate

Guideline Value for SRI SARAVANABHAVAN NAGAR

₹501/sq.ft.

The guideline value for Sri Saravanabhavan Nagar in Santhavellur_b village (Sunguvarchattram SRO, Chengalpattu zone) is Rs 501 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a -50% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Santhavellur_b

Village

Sunguvarchattram

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹501 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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

SRO (Sub Registrar Office)

Vadivamal Nagar Kandigai Road Caparo Company Opp,sunguvarchatram
044_29592196
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Saravanabhavan Nagar

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Sri Saravanabhavan Nagar guideline value

The current guideline value of Sri Saravanabhavan Nagar is Rs 501 per sq.ft, effective from 1 July 2024. This area is located in Santhavellur_B village under the Sunguvarchattram SRO, and the land classification is Mixed Type - I.

How the guideline value of Sri Saravanabhavan Nagar has changed

Over the years, the guideline value for Sri Saravanabhavan Nagar has seen several revisions. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. However, in the 2024 revision, the guideline value decreased significantly to Rs 501 per sq.ft, marking a reduction of 50% from the previous year. The register has no figures for this street in the years 2002, 2003, 2007, and 2012.

Looking at the overall changes, from the 2017 revision to the 2024 revision, there has been a decrease of 25%. The increase from 2017 to 2023 was 49%, but the subsequent drop in 2024 has brought the value down considerably.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,000 per sq.ft. The median value among these streets is Rs 400 per sq.ft, which means that the guideline value for Sri Saravanabhavan Nagar is above this median.

Stamp duty and registration fee for property in Sri Saravanabhavan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 501 per sq.ft, the guideline value would be Rs 5,01,000. The stamp duty at 7% would be Rs 35,070, and the registration fee at 2% would be Rs 10,020, bringing the total to Rs 45,090. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Saravanabhavan Nagar?

The Sub Registrar Office covering Sri Saravanabhavan Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO online for more information.

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

The guideline value plays a crucial role in property transactions in Santhavellur_B. It is used to determine the stamp duty and registration fees when a property is bought or sold. The guideline value ensures that the transaction is recorded at a fair value, reflecting the official rates set by the government.

When registering a property, buyers and sellers must consider the guideline value to calculate the applicable fees. This value is essential for legal documentation and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Sri Saravanabhavan Nagar?

The current guideline value of Sri Saravanabhavan Nagar is Rs 501 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and then decreased to Rs 501 per sq.ft in 2024. This represents a decrease of 50% from 2023 to 2024 and an overall decrease of 25% from 2017 to 2024.

What are the other streets in Santhavellur_B?

Other streets in Santhavellur_B include Sri sastha nagar, Sri Sathya Sai Nagar(Akshara City), Sri Usha Nagar, Sri ramanujar nagar, and Srinivasa Nagar, with varying guideline values for 2024.

How is stamp duty calculated for properties in Sri Saravanabhavan Nagar?

Stamp duty for properties in Sri Saravanabhavan Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 45,090 in fees.

Where can I find the Sub Registrar Office for Sri Saravanabhavan Nagar?

The Sub Registrar Office for Sri Saravanabhavan Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more information online.