Guideline Value for Saranya Nagar

Saranya Nagar guideline value

The current guideline value of Saranya Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Thirumudivakkam village and falls under the Padappai SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Saranya Nagar has changed

The guideline value for Saranya Nagar has seen several revisions over the years. The 2012 revision recorded a value of Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and further rose to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to 2023, the guideline value rose by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumudivakkam

In Thirumudivakkam, there are 56 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 3,860 per sq.ft. The median value among these streets is Rs 1,320 per sq.ft, which is equal to the guideline value of Saranya Nagar.

• Satheesh Nagar: Rs 660 per sq.ft (2024)
• Sai Nagar: Rs 880 per sq.ft (2024)
• Sekkizhar Nagar: Rs 1,320 per sq.ft (2024)
• Selliamman Koil Street: Rs 880 per sq.ft (2024)
• Shridi Sai Baba Nagar: Rs 880 per sq.ft (2024)
• Sidco Industrial Area: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Saranya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Saranya Nagar?

Saranya Nagar is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process of property transactions in Thirumudivakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted fairly and transparently.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Saranya Nagar?

The current guideline value of Saranya Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the median guideline value in Thirumudivakkam?

The median guideline value in Thirumudivakkam is Rs 1,320 per sq.ft, which is the same as the current value for Saranya Nagar.

What are the stamp duty and registration fees for property in Saranya Nagar?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Saranya Nagar?

The Padappai Sub Registrar Office handles registrations for Saranya Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.