Guideline Value for Saranya Nagar

Saranya Nagar guideline value

The current guideline value of Saranya Nagar, located in Agaram Male village under the Poonamallee SRO, is Rs 770 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Saranya Nagar has changed

Over the years, the guideline value of Saranya Nagar has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 700 per sq.ft in 2023, marking a 49% rise since 2017. As of the 2024 revision, the guideline value stands at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Agaram Male

Agaram Male village has 21 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,800 per sq.ft, with the median value being Rs 770 per sq.ft. The guideline value of Saranya Nagar is equal to this median.

• Sarathambal Nagar: Rs 770 per sq.ft (2024)
• Santhammal Nagar: Rs 770 per sq.ft (2024)
• Sannathi Street: Rs 550 per sq.ft (2024)
• Shree Vari Nagar: Rs 1,642 per sq.ft (2024)
• Sri Ambal City: Rs 770 per sq.ft (2024)
• Pushpha Nagar: Rs 770 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 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. It is important to note that 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 Saranya Nagar?

The Sub Registrar Office that covers Saranya Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Agaram Male. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on the official rates set by the government.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. Accurate knowledge of these values helps in ensuring compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Saranya Nagar?

The current guideline value of Saranya Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification of Saranya Nagar?

Saranya Nagar is classified as Residential Special Type - I, indicating its intended use for residential purposes.

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

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which Sub Registrar Office is responsible for Saranya Nagar?

The Poonamallee Sub Registrar Office is responsible for Saranya Nagar, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.