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Guideline Value

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Guideline Value for Saraswathi Nagar 1st Street, A.G.S. Colony

₹3300/sq.ft.

The guideline value for Saraswathi Nagar 1st Street, A.g.s. Colony in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Nagar 1st Street, A.g.s. Colony

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Saraswathi Nagar 1st Street, A.G.S. Colony guideline value

The current guideline value of Saraswathi Nagar 1st Street, A.G.S. Colony is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Madipakkam-1 village and is classified as Residential Class I Type - II, with the Velacheri SRO overseeing its registration.

How the guideline value of Saraswathi Nagar 1st Street, A.G.S. Colony has changed

The guideline value for Saraswathi Nagar 1st Street has seen several revisions over the years. In the 2017 revision, the value was Rs 2,010 per sq.ft, which increased to Rs 3,000 per sq.ft in the 2023 revision. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no registered figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for the village is Rs 2,750 per sq.ft, placing the current value of Saraswathi Nagar 1st Street above this median.

Stamp duty and registration fee for property in Saraswathi Nagar 1st Street, A.G.S. Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty, charged at 7%, would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Saraswathi Nagar 1st Street, A.G.S. Colony?

The Saraswathi Nagar 1st Street, A.G.S. Colony falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

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

The guideline value plays a crucial role during property registration in Madipakkam-1. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that transactions are conducted transparently and fairly.

When you buy or sell property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. This ensures that all parties are aware of the financial obligations involved in the transaction, making the process smoother and more efficient.

Frequently asked questions

What is the current guideline value of Saraswathi Nagar 1st Street?

The current guideline value of Saraswathi Nagar 1st Street, A.G.S. Colony is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the land classification of Saraswathi Nagar 1st Street?

Saraswathi Nagar 1st Street is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in Saraswathi Nagar 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.