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Guideline Value

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Guideline Value for Saraswathi Nagar V.OC. 3rd Street

₹2400/sq.ft.

The guideline value for Saraswathi Nagar V.oc. 3rd Street 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 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)

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 V.oc. 3rd Street

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Saraswathi Nagar V.OC. 3rd Street guideline value

The current guideline value of Saraswathi Nagar V.OC. 3rd 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 V.OC. 3rd Street has changed

The guideline value for Saraswathi Nagar V.OC. 3rd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which remained unchanged through the 2023 revision. However, the 2024 revision has increased the guideline value to Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

In summary, the guideline value has seen no change between the 2012 and 2023 revisions, while the increase from 2023 to 2024 marks a significant adjustment. Notably, there are no figures available in the register for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Thirumullaivoyal

Within Thirumullaivoyal, there are 975 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, placing the guideline value of Saraswathi Nagar V.OC. 3rd Street at the median level.

Stamp duty and registration fee for property in Saraswathi Nagar V.OC. 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saraswathi Nagar V.OC. 3rd Street?

The Saraswathi Nagar V.OC. 3rd Street falls under the jurisdiction of 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 information.

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

The guideline value plays a crucial role during the registration process of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Saraswathi Nagar V.OC. 3rd Street?

The current guideline value of Saraswathi Nagar V.OC. 3rd 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 remained at Rs 2,200 per sq.ft from the 2012 revision until the 2023 revision. The 2024 revision has increased the value to Rs 2,400 per sq.ft, marking a 9% increase from the previous year.

Which Sub Registrar Office covers this street?

The Ambattur Sub Registrar Office covers Saraswathi Nagar V.OC. 3rd Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the guideline values of other streets in Thirumullaivoyal?

Other streets in Thirumullaivoyal have varying guideline values. For example, Saraswathi Nagar V.OC. 2nd Street, 4th Street, and 1st Street all share the same guideline value of Rs 2,400 per sq.ft in 2024.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,68,000.