Guideline Value for Saraswathi Nagar Extension

Saraswathi Nagar Extension guideline value

The current guideline value of Saraswathi Nagar Extension is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is located in Nedunkumdram village under the Tambaram Joint 1 SRO, and it is classified as Residential Special Type - II.

How the guideline value of Saraswathi Nagar Extension has changed

The guideline value for Saraswathi Nagar Extension has seen significant changes over the years. The 2017 revision set the guideline value at Rs 871 per sq.ft. The most recent revision in 2024 increased this to Rs 1,430 per sq.ft, marking a change of +64% from the previous figure.

There are several years for which the register has no figure for this street, including 2023, 2012, 2007, 2003, and 2002. Thus, the only available revisions are from 2017 and 2024.

Guideline values in Nedunkumdram

In Nedunkumdram, there are 75 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 5,300 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, indicating that the guideline value for Saraswathi Nagar Extension is below this median.

• Saraswathi Nagar: Rs 1,430 per sq.ft (2024)
• Sbjh Garden: Rs 1,980 per sq.ft (2024)
• Sadhanandha Nagar: Rs 1,650 per sq.ft (2024)
• Sadanantha Puram: Rs 1,650 per sq.ft (2024)
• Ramasamy Nagar: Rs 1,320 per sq.ft (2024)
• S & P Signature Villas: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Saraswathi Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, making the total fees Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Saraswathi Nagar Extension?

The Saraswathi Nagar Extension falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Nedunkumdram. It determines the minimum value at which a property can be registered, ensuring that the government collects the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for the transaction price. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Saraswathi Nagar Extension?

The current guideline value of Saraswathi Nagar Extension is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2017 revision of Rs 871 per sq.ft to the 2024 revision of Rs 1,430 per sq.ft, the guideline value has increased by +64%.

What are the other streets in Nedunkumdram with their guideline values?

Other streets in Nedunkumdram include Sbjh Garden at Rs 1,980 per sq.ft, Sadhanandha Nagar and Sadanantha Puram both at Rs 1,650 per sq.ft, Ramasamy Nagar at Rs 1,320 per sq.ft, and S & P Signature Villas also at Rs 1,650 per sq.ft.

What is the stamp duty rate for properties in Saraswathi Nagar Extension?

The stamp duty rate for properties in Saraswathi Nagar Extension is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Saraswathi Nagar Extension?

The Sub Registrar Office for Saraswathi Nagar Extension is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.