Guideline Value for Sarasvathi Nagar
₹1430/sq.ft.
The guideline value for Sarasvathi Nagar in Chikkarayapuram village (Kunrathur SRO, Chennai zone) is Rs 1430 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.
Last updated:
Chennai
Zone
Chikkarayapuram
Village
Kunrathur
SRO
Residential Class I Type - III
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹1430 /sq.ft. |
| From 1-4-2023 | ₹1300 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹871 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹1300 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹300 /sq.ft. |
| From 1-4-2003 To 31-7-2007 | ₹53 /sq.ft. |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]
DRO (District Registrar Office)
Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]
DIG (Deputy Inspector General)
Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sarasvathi Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Kunrathur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sarasvathi Nagar guideline value
The current guideline value of Sarasvathi Nagar, located in Chikkarayapuram village under the Kunrathur SRO, is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.
How the guideline value of Sarasvathi Nagar has changed
The guideline value for Sarasvathi Nagar has seen significant changes over the years. Starting from Rs 53 per sq.ft in 2003, it increased to Rs 300 per sq.ft in 2007, marking a remarkable increase of 466%. By 2012, the value rose to Rs 1,300 per sq.ft, reflecting a substantial increase of 333%. However, there was a decrease to Rs 871 per sq.ft in 2017, which represented a drop of 33%. The value then increased to Rs 1,300 per sq.ft in 2023, followed by a further increase to Rs 1,430 per sq.ft in 2024, which is a rise of 10%.
Overall, from 2003 to 2024, the guideline value has increased by 2,598%. The register has no figure for the year 2002 for this street.
Guideline values in Chikkarayapuram
- Sangamithra Avenue: Rs 1,980 per sq.ft (2024)
- Sakthi Nagar: Rs 1,980 per sq.ft (2024)
- R.K.M. Nagar: Rs 1,980 per sq.ft (2024)
- Sivasakthi Nagar: Rs 1,980 per sq.ft (2024)
- Sivasakthi Nagar Annex: Rs 1,760 per sq.ft (2024)
- Rajiv Gandhi Nagar: Rs 1,980 per sq.ft (2024)
Stamp duty and registration fee for property in Sarasvathi Nagar
For a 1,000 sq.ft plot at the current rate of Rs 1,430 per sq.ft, the guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, totaling Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
You can use the stamp duty and registration fee calculator for further calculations.
Which Sub Registrar Office covers Sarasvathi Nagar?
The Sarasvathi Nagar area falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, visit find your SRO.
How the guideline value is used when you buy or sell in Chikkarayapuram
The guideline value is a critical factor during the registration of property transactions in Chikkarayapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded fairly and transparently.
When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs incurred during the transaction process. This ensures that both parties are aware of the financial implications of the sale.
Frequently asked questions
What is the current guideline value of Sarasvathi Nagar?
The current guideline value of Sarasvathi Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has increased from Rs 53 per sq.ft in 2003 to Rs 1,430 per sq.ft in 2024, marking an overall increase of 2,598% over the years.
What are the stamp duty and registration fees for property in Sarasvathi Nagar?
For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,28,700, based on the current guideline value of Rs 14,30,000.
Which Sub Registrar Office covers Sarasvathi Nagar?
The Kunrathur Sub Registrar Office covers Sarasvathi Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.
What is the land classification for Sarasvathi Nagar?
Sarasvathi Nagar is classified as Residential Class I Type - III, which indicates its suitability for residential development.
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