Guideline Value for Saraswathi Nagar 10th Street

Saraswathi Nagar 10th Street guideline value

The current guideline value of Saraswathi Nagar 10th Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Saraswathi Nagar 10th Street has changed

The guideline value for Saraswathi Nagar 10th Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, an increase of 9% from Rs 2,200 per sq.ft in the 2023 revision. Prior to that, the 2012 revision also recorded a value of Rs 2,200 per sq.ft, indicating no change from 2012 to 2023. The register has no figures for the revisions in 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. This reflects the current valuation trends, aligning with the established rates in the region.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that have a guideline value in 2024, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which matches the current value of Saraswathi Nagar 10th Street.

• Saraswathi Nagar 11th Street: Rs 2,400 per sq.ft (2024)
• Saraswathi Nagar 1st Street: Rs 2,400 per sq.ft (2024)
• Saraswathi Nagar 2nd Street: Rs 2,400 per sq.ft (2024)
• Saraswathi Nagar 3rd Street: Rs 2,400 per sq.ft (2024)
• Saraswathi Nagar 4rd Street: Rs 2,400 per sq.ft (2024)
• Saraswathi Nagar 5th Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Saraswathi Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees together to Rs 2,16,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saraswathi Nagar 10th Street?

The Saraswathi Nagar 10th Street falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Thirumullaivoyal. It is used by the registration department to determine the applicable stamp duty and registration fees when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value helps in assessing the official valuation of the property, ensuring that the transaction adheres to the legal requirements set forth by the state.

Frequently asked questions

What is the current guideline value of Saraswathi Nagar 10th Street?

The current guideline value of Saraswathi Nagar 10th Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased by 9% from Rs 2,200 per sq.ft in 2023 to Rs 2,400 per sq.ft in 2024.

What is the land classification for Saraswathi Nagar 10th Street?

Saraswathi Nagar 10th Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this street?

The Ambattur Sub Registrar Office covers Saraswathi Nagar 10th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable on the guideline value.