Guideline Value

Corporate

Guideline Value for Saraswathi Nagar

₹2400/sq.ft.

The guideline value for Saraswathi Nagar 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 ₹146 /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

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Saraswathi Nagar guideline value

The current guideline value of Saraswathi Nagar, located in Thirumullaivoyal village under the Ambattur SRO, is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Saraswathi Nagar has changed

The guideline value of Saraswathi Nagar has seen significant changes over the years. In 2002, the value was Rs 146 per sq.ft, which increased to Rs 175 per sq.ft in 2003, marking a 20% rise. The value then saw a substantial increase to Rs 450 per sq.ft in 2007, representing a 157% change. By 2012, the guideline value remained at Rs 2,200 per sq.ft, with no change noted until 2023 when it was again Rs 2,200 per sq.ft. The latest revision in 2024 has set the value at Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there is no figure available for the year 2017 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1544%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with a 2024 guideline value range from Rs 880 to Rs 5,500 per sq.ft. The median value is Rs 2,400 per sq.ft, which is equal to the current guideline value of 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 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, totaling 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saraswathi Nagar?

The Sub Registrar Office that covers Saraswathi Nagar is 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 is a crucial factor in property transactions in Thirumullaivoyal. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is set by the government and reflects the market conditions in the area.

When selling property, the guideline value helps establish a baseline for pricing. Buyers and sellers often refer to this value to negotiate terms, ensuring that the transaction aligns with the official assessment of property worth in the locality.

Frequently asked questions

What is the current guideline value of Saraswathi Nagar?

The current guideline value of Saraswathi Nagar 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 146 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 1544% over the years.

What is the land classification of Saraswathi Nagar?

Saraswathi Nagar is classified as Residential Class I Type - I, indicating its designation for residential use.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 1,68,000, and the registration fee is Rs 48,000, totaling Rs 2,16,000.

Which office handles the registration for Saraswathi Nagar?

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