Guideline Value for Saraswathi Nagar East 6th Street

Saraswathi Nagar East 6th Street guideline value

The current guideline value of Saraswathi Nagar East 6th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class I Type - II.

How the guideline value of Saraswathi Nagar East 6th Street has changed

The guideline value register for Saraswathi Nagar East 6th Street does not have figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 3,300 per sq.ft.

In the 2024 revision, the guideline value was set at Rs 3,300 per sq.ft. There have been no changes recorded between the revisions for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are a total of 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 area is Rs 2,750 per sq.ft, placing the 2024 figure for Saraswathi Nagar East 6th Street above this median.

• Saraswathi Nagar East 5th Street: Rs 3,300 per sq.ft (2024)
• Saraswathi Nagar East 7th Street: Rs 3,300 per sq.ft (2024)
• Saraswathi Nagar East 4th Street: Rs 3,300 per sq.ft (2024)
• Saraswathi Nagar East 3rd Street: Rs 3,300 per sq.ft (2024)
• Saraswathi Nagar East 1st Street: Rs 3,300 per sq.ft (2024)
• Saraswathi Nagar Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Saraswathi Nagar East 6th Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Stamp duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Saraswathi Nagar East 6th Street?

The Saraswathi Nagar East 6th Street is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Madipakkam-1. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered the minimum value for calculating the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Saraswathi Nagar East 6th Street?

The current guideline value of Saraswathi Nagar East 6th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

What was the guideline value in previous years?

The guideline value register does not have figures for the years 2023, 2017, 2012, 2007, 2003, and 2002. The only available figure is from the 2024 revision.

How does the guideline value compare to other streets in Madipakkam-1?

The guideline value of Rs 3,300 per sq.ft for Saraswathi Nagar East 6th Street is above the median value of Rs 2,750 per sq.ft for the area. Other streets in Madipakkam-1 also have the same guideline value for 2024.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This office handles the registration of properties in the area.