Guideline Value for SRI SARAVANABHAVAN NAGAR

Sri Saravanabhavan Nagar guideline value

The current guideline value of Sri Saravanabhavan Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Santhavellur_C village, under the Sunguvarchattram SRO, and is classified as Mixed Type - I land.

How the guideline value of Sri Saravanabhavan Nagar has changed

The guideline value for Sri Saravanabhavan Nagar has undergone several revisions over the years. The most recent revisions show that the 2024 figure is Rs 1,000 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 670 per sq.ft. There are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%, and there has been no change from 2023 to 2024, resulting in an overall increase of 49% from 2017 to 2024.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, placing Sri Saravanabhavan Nagar's 2024 figure above this median.

• Sri sastha nagar: Rs 1,045 per sq.ft (2024)
• Sri Usha Nagar: Rs 700 per sq.ft (2024)
• Sri ramanujar nagar: Rs 600 per sq.ft (2024)
• Srinivasa Nagar: Rs 300 per sq.ft (2024)
• Sunguvarchitram Walajabad Main Road: Rs 1,750 per sq.ft (2024)
• Sri Andal Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Saravanabhavan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, making a total of Rs 90,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Saravanabhavan Nagar?

The Sub Registrar Office that covers 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 for more information.

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

The guideline value is an essential factor when registering property in Santhavellur_C. It determines the minimum value at which a property can be registered, ensuring that the transaction is legally recognized and that appropriate taxes are paid.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, which means that buyers should be aware of the guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Sri Saravanabhavan Nagar?

The current guideline value of Sri Saravanabhavan Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

There has been no change in the guideline value from 2023 to 2024, remaining at Rs 1,000 per sq.ft. However, from 2017 to 2023, the value increased by 49% from Rs 670 per sq.ft.

What is the land classification of Sri Saravanabhavan Nagar?

Sri Saravanabhavan Nagar is classified as Mixed Type - I land, which indicates the type of development allowed in the area.

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

The Sub Registrar Office for Sri Saravanabhavan Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 10,00,000, the stamp duty at 7% would be Rs 70,000.