Guideline Value

Corporate

Guideline Value for Saraswathi Gopal Nagar

₹555/sq.ft.

The guideline value for Saraswathi Gopal Nagar in Vellanoor-1 village (Avadi SRO, Chennai zone) is Rs 555 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vellanoor-1

Village

Avadi

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹555 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Gopal Nagar

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Saraswathi Gopal Nagar guideline value

The current guideline value of Saraswathi Gopal Nagar is Rs 555 per sq.ft, effective from 1 July 2024. This area is located in Vellanoor-1 village, under the Avadi SRO, and is classified as Residential Class I Type - I.

How the guideline value of Saraswathi Gopal Nagar has changed

The guideline value for Saraswathi Gopal Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 555 per sq.ft, an increase of 11% from Rs 500 per sq.ft in 2023. Prior to that, in 2017, the guideline value was Rs 335 per sq.ft, marking a significant increase of 49% to the 2023 figure. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 66%. The consistent rise in values reflects the changes in the real estate landscape in the area.

Guideline values in Vellanoor-1

In Vellanoor-1, there are 34 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,980 per sq.ft. The median guideline value for these streets is Rs 555 per sq.ft, which is equal to the 2024 figure for Saraswathi Gopal Nagar.

Stamp duty and registration fee for property in Saraswathi Gopal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 555 per sq.ft, the total guideline value would be Rs 5,55,000. The stamp duty at 7% would amount to Rs 38,850, and the registration fee at 2% would be Rs 11,100, bringing the total to Rs 49,950. 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 Gopal Nagar?

The Saraswathi Gopal Nagar area falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vellanoor-1

The guideline value plays a crucial role during property transactions in Vellanoor-1. It serves as a benchmark for determining the minimum sale price of properties, ensuring that transactions are conducted fairly and transparently.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Saraswathi Gopal Nagar?

The current guideline value of Saraswathi Gopal Nagar is Rs 555 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 555 per sq.ft in 2024, marking an overall increase of 66% over these years.

What are the other streets in Vellanoor-1 and their guideline values?

Other streets in Vellanoor-1 include Saroja Ammal Nagar at Rs 440 per sq.ft, Shreyas Mini Town at Rs 1,980 per sq.ft, and several others at Rs 555 per sq.ft.

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

The Sub Registrar Office for Saraswathi Gopal Nagar is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Saraswathi Gopal Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,55,000, the stamp duty would be Rs 38,850 at 7%.