Guideline Value for Saraswathipuram 1st Street (East)

Saraswathipuram 1st Street (East) guideline value

The current guideline value of Saraswathipuram 1st Street (East) is Rs 2,860 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village and falls under the Pammal Sub Registrar Office (SRO). The land classification for this area is Commercial Class I Type - I.

How the guideline value of Saraswathipuram 1st Street (East) has changed

The guideline value for Saraswathipuram 1st Street (East) has seen significant changes over the years. In the 2017 revision, the value was Rs 1,742 per sq.ft. This increased to Rs 2,600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,860 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value in the village is Rs 2,420 per sq.ft, placing Saraswathipuram 1st Street (East) above this median.

• Saraswathipuram 1st Street: Rs 2,860 per sq.ft (2024)
• Saraswathipuram 1st Street (West): Rs 2,860 per sq.ft (2024)
• Saraswathipuram 1st Main Road: Rs 2,860 per sq.ft (2024)
• Saraswathipuram 2nd Main Road: Rs 2,860 per sq.ft (2024)
• Saraswathipuram 3rd Main Road: Rs 2,860 per sq.ft (2024)
• Saraswathipuram Extn.,: Rs 2,860 per sq.ft (2024)

Stamp duty and registration fee for property in Saraswathipuram 1st Street (East)

For a 1,000 sq.ft plot at the current rate of Rs 2,860 per sq.ft, the guideline value amounts to Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, totaling Rs 2,57,400. 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 Saraswathipuram 1st Street (East)?

The Saraswathipuram 1st Street (East) falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruneermalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Saraswathipuram 1st Street (East)?

The current guideline value of Saraswathipuram 1st Street (East) is Rs 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,742 per sq.ft to Rs 2,860 per sq.ft in 2024, marking a total increase of 64% over this period.

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

For a property valued at Rs 28,60,000, the stamp duty would be Rs 2,00,200 and the registration fee would be Rs 57,200, totaling Rs 2,57,400.

Which office handles property registrations in this area?

The Pammal Sub Registrar Office handles property registrations for Saraswathipuram 1st Street (East), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Saraswathipuram 1st Street (East)?

The land classification for Saraswathipuram 1st Street (East) is Commercial Class I Type - I, indicating its suitability for commercial activities.