Guideline Value

Corporate

Guideline Value for Saraswathi Nagar Extn.

₹2400/sq.ft.

The guideline value for Saraswathi Nagar Extn. in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹450 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹175 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹149 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Extn.

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Saraswathi Nagar Extn. guideline value

The current guideline value of Saraswathi Nagar Extn. is Rs 2,400 per sq.ft, effective from 1 July 2024. This area 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 Extn. has changed

Over the years, the guideline value for Saraswathi Nagar Extn. has seen significant changes. In 2002, the value was Rs 149 per sq.ft, which increased to Rs 175 per sq.ft in 2003, marking a rise of 17%. By 2007, the value jumped to Rs 450 per sq.ft, reflecting a substantial increase of 157%. The 2012 revision maintained the value at Rs 2,200 per sq.ft, showing no change from the previous year. In 2023, the guideline value was again Rs 2,200 per sq.ft, and it increased by 9% to Rs 2,400 per sq.ft in the 2024 revision.

Overall, from 2002 to 2024, the guideline value has increased by 1511%. It is important to note that there is no figure available for the year 2017 for this street in the register.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Saraswathi Nagar Extn. aligns with this median.

Stamp duty and registration fee for property in Saraswathi Nagar Extn.

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 cost for these fees 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saraswathi Nagar Extn.?

The Saraswathi Nagar Extn. falls under 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 is a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue during property transactions.

Frequently asked questions

What is the current guideline value of Saraswathi Nagar Extn.?

The current guideline value of Saraswathi Nagar Extn. 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 significantly from Rs 149 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 1511% over this period.

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

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 in fees.

Which Sub Registrar Office covers this area?

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

What is the land classification for Saraswathi Nagar Extn.?

Saraswathi Nagar Extn. is classified as Residential Class I Type - I, indicating its suitability for residential development.