Guideline Value

Corporate

Guideline Value for Saraswathi Nagar

₹402/sq.ft.

The guideline value for Saraswathi Nagar in P.v.kalathur A village (Chengleput Joint I SRO, Chengalpattu zone) is Rs 402 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 1% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

P.v.kalathur A

Village

Chengleput Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹402 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27423054
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Saraswathi Nagar

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Saraswathi Nagar guideline value

The current guideline value of Saraswathi Nagar is Rs 402 per sq.ft, effective from 1 July 2024. This locality is situated in P.V.Kalathur A village, under the Chengleput Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Saraswathi Nagar has changed

The guideline value for Saraswathi Nagar has seen several revisions over the years. In 2017, the value was Rs 268 per sq.ft, which increased to Rs 400 per sq.ft in the 2023 revision. The latest revision in 2024 raised the value to Rs 402 per sq.ft, marking a 1% increase from the previous year. Overall, from 2017 to 2024, there has been a significant increase of 50% in the guideline value.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The changes between the revisions indicate a 49% increase from 2017 to 2023, followed by a 1% increase from 2023 to 2024.

Guideline values in P.V.Kalathur A

In P.V.Kalathur A, there are 21 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 450 per sq.ft. The median value for these streets is Rs 402 per sq.ft, which is the same as the guideline value for Saraswathi Nagar.

Stamp duty and registration fee for property in Saraswathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 402 per sq.ft, the total guideline value amounts to Rs 4,02,000. The stamp duty at 7% would be Rs 28,140, and the registration fee at 2% would be Rs 8,040, making the total cost for these fees Rs 36,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Saraswathi Nagar?

The Chengleput Joint I Sub Registrar Office covers Saraswathi Nagar. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 P.V.Kalathur A

The guideline value plays a crucial role in property transactions within P.V.Kalathur A. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

During registration, the guideline value is compared to the sale price, and the higher value is used to calculate the fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the property transaction.

Frequently asked questions

What is the current guideline value of Saraswathi Nagar?

The current guideline value of Saraswathi Nagar is Rs 402 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 268 per sq.ft to Rs 402 per sq.ft in 2024, marking an overall increase of 50%.

What are the stamp duty and registration fees for property in Saraswathi Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a plot valued at Rs 4,02,000, the total fees would amount to Rs 36,180.

Which office handles the registration for Saraswathi Nagar?

The Chengleput Joint I Sub Registrar Office handles the registration for Saraswathi Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared to the sale price, and the higher value is used for calculating the fees.