Guideline Value for Saraswathi Nagar West 4th Street

Saraswathi Nagar West 4th Street guideline value

The current guideline value of Saraswathi Nagar West 4th 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, and is classified as Residential Class I Type - II.

How the guideline value of Saraswathi Nagar West 4th Street has changed

The guideline value register for Saraswathi Nagar West 4th Street has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 3,300 per sq.ft.

Since there are no previous figures for this street in the register, there have been no changes recorded between revisions. The 2024 revision is the first recorded value for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 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 village is Rs 2,750 per sq.ft, placing the 2024 guideline value of Saraswathi Nagar West 4th Street above this median.

• Saraswathi Nagar West 2nd Street: Rs 3,300 per sq.ft (2024)
• Saraswathi Nagar West 5th Street: Rs 3,300 per sq.ft (2024)
• Saraswathi Nagar West 1st Street: Rs 3,300 per sq.ft (2024)
• Saraswathi Street: Rs 3,300 per sq.ft (2024)
• Saraswathi Nagar West 3rd 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 West 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% is Rs 2,31,000, and the registration fee at 2% is Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details on calculating fees.

Which Sub Registrar Office covers Saraswathi Nagar West 4th Street?

The Saraswathi Nagar West 4th Street falls under the Velacheri Sub Registrar Office located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Madipakkam-1. It serves as the minimum value at which properties can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it's essential to be aware of the guideline value, as it ensures that the transaction is recorded accurately and complies with local regulations. The guideline value helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Saraswathi Nagar West 4th Street?

The current guideline value of Saraswathi Nagar West 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no recorded figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Saraswathi Nagar West 4th Street. The 2024 revision is the first recorded value for this street.

What is the land classification for this street?

Saraswathi Nagar West 4th Street is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

Where can I find the registration office for this street?

The Velacheri Sub Registrar Office, which covers Saraswathi Nagar West 4th Street, is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.