Guideline Value for Saraswathi Nagar 9th Street

Saraswathi Nagar 9th Street guideline value

The current guideline value of Saraswathi Nagar 9th 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 9th Street has changed

The guideline value for Saraswathi Nagar 9th 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 from Rs 2,200 per sq.ft in 2023. Notably, there was no change in the value from 2012 to 2023, as both years recorded the same figure of Rs 2,200 per sq.ft. The register does not contain figures for the years 2002, 2003, 2007, and 2017.

Overall, from 2012 to 2024, the guideline value has increased by 9%. This consistent upward movement reflects the latest revision, which indicates a 9% increase from 2023 to 2024.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which is equal to the current value of Saraswathi Nagar 9th Street.

• Saraswathi Nagar 8th Street: Rs 2,400 per sq.ft (2024)
• Saraswathi Nagar 7th Street: Rs 2,400 per sq.ft (2024)
• Saraswathi Nagar 6th Street: Rs 2,400 per sq.ft (2024)
• Saraswathi Nagar 5th Street: Rs 2,400 per sq.ft (2024)
• Saraswathi Nagar 4rd Street: Rs 2,400 per sq.ft (2024)
• Saraswathi Nagar 3rd Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Saraswathi Nagar 9th 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, making the total cost 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 9th Street?

The Sub Registrar Office that covers Saraswathi Nagar 9th 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 when buying or selling property in Thirumullaivoyal. It is used to determine the stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the current guideline value to ensure accurate calculations of these fees.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate fees based on the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Saraswathi Nagar 9th Street?

The current guideline value of Saraswathi Nagar 9th 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 increased from Rs 2,200 per sq.ft in 2023 to Rs 2,400 per sq.ft in 2024, reflecting a 9% increase. There was no change from 2012 to 2023, as both years recorded Rs 2,200 per sq.ft.

What is the land classification for Saraswathi Nagar 9th Street?

Saraswathi Nagar 9th Street is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.

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

The Sub Registrar Office for Saraswathi Nagar 9th Street is the Ambattur Sub Registrar Office, 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 based on the higher of the guideline value or the sale price. For example, a property valued at Rs 24,00,000 would incur a stamp duty of Rs 1,68,000 at a rate of 7%.