Guideline Value for Saraswathi Nagar 4th st ( Ward No.26 )

Saraswathi Nagar 4th st ( Ward No.26 ) guideline value

The current guideline value of Saraswathi Nagar 4th st ( Ward No.26 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Saraswathi Nagar 4th st ( Ward No.26 ) has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 1,300 per sq.ft, marking an 8% rise from the previous year. Overall, from 2012 to 2024, there has been an 8% increase in the guideline value.

The register has no figures for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only revisions available for reference are from 2012, 2023, and 2024.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, indicating that the 2024 figure for Saraswathi Nagar 4th st is below this median.

• Saraswathi Nagar 3rd st ( Ward No.26 ): Rs 1,300 per sq.ft (2024)
• Saraswathi Nagar 3rd st Extn. ( Ward No.26 ): Rs 1,300 per sq.ft (2024)
• Saraswathi Nagar 2nd st ( Ward No.26 ): Rs 1,300 per sq.ft (2024)
• Saraswathi Nagar 1st st ( Ward No.26 ): Rs 1,300 per sq.ft (2024)
• Saraswathi Nagar, Lakshmipuram (Ward-26): Rs 1,300 per sq.ft (2024)
• Sarangapani St (Ward-11): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Saraswathi Nagar 4th st ( Ward No.26 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. 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 more detailed calculations.

Which Sub Registrar Office covers Saraswathi Nagar 4th st ( Ward No.26 )?

The Sub Registrar Office that covers Saraswathi Nagar 4th st ( Ward No.26 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Madhavaram, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable at the time of registration.

Frequently asked questions

What is the current guideline value of Saraswathi Nagar 4th st ( Ward No.26 )?

The current guideline value of Saraswathi Nagar 4th st ( Ward No.26 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen an increase from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 8% over this period.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers this street?

The Madhavaram Sub Registrar Office covers Saraswathi Nagar 4th st ( Ward No.26 ), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification of Saraswathi Nagar 4th st ( Ward No.26 )?

Saraswathi Nagar 4th st ( Ward No.26 ) is classified as Residential Class III Type - I.