Guideline Value

Corporate

Guideline Value for Saraswathi Basu Nagar

₹990/sq.ft.

The guideline value for Saraswathi Basu Nagar in Manancheri village (Kunrathur SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manancheri

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
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 Saraswathi Basu Nagar

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Saraswathi Basu Nagar guideline value

The current guideline value of Saraswathi Basu Nagar is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Manancheri village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Saraswathi Basu Nagar has changed

The guideline value for Saraswathi Basu Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 250 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012, marking a 260% rise. However, this value decreased to Rs 603 per sq.ft in the 2017 revision, a drop of 33%. The subsequent 2023 revision raised the value to Rs 900 per sq.ft, and the most recent 2024 revision has set it at Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 296%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Manancheri

In Manancheri, there are 59 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 550 to Rs 3,400 per sq.ft, with a median value of Rs 990 per sq.ft. The guideline value for Saraswathi Basu Nagar aligns with this median.

Stamp duty and registration fee for property in Saraswathi Basu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total fees to Rs 89,100. It is important to 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 Saraswathi Basu Nagar?

The Sub Registrar Office covering Saraswathi Basu Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Manancheri. It serves as a benchmark for determining the stamp duty and registration fees when buying or selling property. This value is used by the registration department to assess the taxes applicable on the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is considered for calculating the stamp duty. This ensures that the government receives appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Saraswathi Basu Nagar?

The current guideline value of Saraswathi Basu Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, reflecting an overall increase of 296% over the years.

What are the other streets in Manancheri with their guideline values?

Other streets in Manancheri include Saravana Nagar at Rs 990 per sq.ft, Royal Garden at Rs 660 per sq.ft, Road Street at Rs 1,320 per sq.ft, Sri Devaki Nagar at Rs 2,150 per sq.ft, Sri Guruvayurappan Nagar Extension at Rs 990 per sq.ft, and Sri Iswaryam Nagar at Rs 990 per sq.ft.

What fees are associated with buying property in Saraswathi Basu Nagar?

When buying property in Saraswathi Basu Nagar, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 9,90,000, the total fees would amount to Rs 89,100.

Where can I find the Sub Registrar Office for Saraswathi Basu Nagar?

The Sub Registrar Office for Saraswathi Basu Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of properties in the area.