Guideline Value for Saraswathi Nagar 11th Street

Saraswathi Nagar 11th Street guideline value

The current guideline value of Saraswathi Nagar 11th Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Saraswathi Nagar 11th Street has changed

In the 2012 revision, the guideline value was Rs 2,200 per sq.ft. This figure remained unchanged through the 2023 revision, which also recorded Rs 2,200 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,400 per sq.ft, marking a 9% rise from the previous year. Overall, from 2012 to 2024, there has been a 9% 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 Thirumullaivoyal

Thirumullaivoyal has a total of 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this village is Rs 2,400 per sq.ft, which is equal to the current guideline value of Saraswathi Nagar 11th Street.

• Saraswathi Nagar 10th 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 11th 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 higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saraswathi Nagar 11th Street?

The Sub Registrar Office that covers Saraswathi Nagar 11th Street is 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 more details.

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

The guideline value plays a crucial role during the registration process of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer registers a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Saraswathi Nagar 11th Street?

The current guideline value of Saraswathi Nagar 11th Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 2,400 per sq.ft in 2024, reflecting a 9% increase. The value remained unchanged from 2012 to 2023.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Saraswathi Nagar 11th Street located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the median guideline value in Thirumullaivoyal?

The median guideline value in Thirumullaivoyal is Rs 2,400 per sq.ft, which is the same as the current value for Saraswathi Nagar 11th Street.