Guideline Value for Saraswathi Garden

Saraswathi Garden guideline value

The current guideline value of Saraswathi Garden is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Saraswathi Garden has changed

The guideline value for Saraswathi Garden has seen significant changes over the years. In the 2017 revision, the value was Rs 871 per sq.ft. This increased to Rs 1,300 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,430 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a 64% increase in the guideline value. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft, with a median value of Rs 1,540 per sq.ft. The guideline value for Saraswathi Garden is below this median.

• Saranya Nagar: Rs 1,210 per sq.ft (2024)
• Santhosh Avenue Annexe: Rs 1,430 per sq.ft (2024)
• Santhosh Avenue: Rs 1,540 per sq.ft (2024)
• Sanduveliyamman Koil Street: Rs 1,540 per sq.ft (2024)
• Sanduveliamman Koil 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• Sanduveliamman Koil 1st Cross Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Saraswathi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be 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, bringing the total to Rs 1,28,700. Please 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 more details.

Which Sub Registrar Office covers Saraswathi Garden?

The Saraswathi Garden area is covered by 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 Kunrathour-B

The guideline value is a crucial factor during the registration of property transactions in Kunrathour-B. It is used to determine the stamp duty and registration fees that are payable when a property is bought or sold.

When registering a property, the higher of the guideline value or the sale price is considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Saraswathi Garden?

The current guideline value for Saraswathi Garden is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 871 per sq.ft to Rs 1,430 per sq.ft in 2024, which is an overall increase of 64%.

What was the guideline value in 2023?

The guideline value for Saraswathi Garden in 2023 was Rs 1,300 per sq.ft.

Are there any years without a guideline value for Saraswathi Garden?

Yes, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for Saraswathi Garden.

What is the median guideline value for streets in Kunrathour-B?

The median guideline value for streets in Kunrathour-B is Rs 1,540 per sq.ft, with Saraswathi Garden's value being below this median.