Guideline Value for Sarala Nagar

Sarala Nagar guideline value

The current guideline value of Sarala Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sarala Nagar has changed

Over the years, the guideline value of Sarala Nagar has seen significant changes. The most recent revision in 2024 maintains the guideline value at Rs 700 per sq.ft, which was also the value in 2023. Prior to that, in 2017, the guideline value was Rs 469 per sq.ft, marking a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012.

To summarize, the guideline value has remained stable at Rs 700 per sq.ft from 2023 to 2024, while it rose from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, reflecting a notable increase over the years.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, making Sarala Nagar's 2024 figure equal to this median.

• Saralavathi Garden: Rs 1,000 per sq.ft (2024)
• Saralavathi Nagar: Rs 700 per sq.ft (2024)
• Santhosh Nagar: Rs 1,200 per sq.ft (2024)
• Santhi Avenue: Rs 800 per sq.ft (2024)
• Sannathi Street: Rs 700 per sq.ft (2024)
• Sarojini Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sarala Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sarala Nagar?

The Sub Registrar Office that covers Sarala Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees applicable when registering a property sale. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction.

During the registration process, the guideline value is used to calculate the applicable fees. It is essential for both buyers and sellers to understand how this value is determined, as it reflects the official pricing set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sarala Nagar?

The current guideline value of Sarala Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Sarala Nagar has remained at Rs 700 per sq.ft from 2023 to 2024, and it increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, marking a 49% rise.

What are the other streets in Sriperumbudur A with their guideline values?

Other streets in Sriperumbudur A include Saralavathi Garden at Rs 1,000 per sq.ft, Santhosh Nagar at Rs 1,200 per sq.ft, and Santhi Avenue at Rs 800 per sq.ft, among others.

How is stamp duty calculated for properties in Sarala Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000.

Where can I find the Sub Registrar Office for Sarala Nagar?

The Sub Registrar Office for Sarala Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.