Guideline Value

Corporate

Guideline Value for Saraswathipuram 1st Street

₹2860/sq.ft.

The guideline value for Saraswathipuram 1st Street in Thiruneermalai village (Pammal SRO, Chengalpattu zone) is Rs 2860 per sq.ft, effective 1 July 2024. It was Rs 2600 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Thiruneermalai

Village

Pammal

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2860 /sq.ft.
From 1-4-2023 ₹2600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1742 /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)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Saraswathipuram 1st Street

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Saraswathipuram 1st Street guideline value

The current guideline value for Saraswathipuram 1st Street is Rs 2,860 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village and falls under the Pammal SRO. It is classified as Commercial Class I Type - I land.

How the guideline value of Saraswathipuram 1st Street has changed

The guideline value for Saraswathipuram 1st Street has seen several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 1,742 per sq.ft. This figure increased to Rs 2,600 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 2,860 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value for these streets is Rs 2,420 per sq.ft, placing the value of Saraswathipuram 1st Street above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value would be Rs 28,60,000. The stamp duty at 7% would amount to Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, bringing the total costs together to 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. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Saraswathipuram 1st Street?

The Saraswathipuram 1st Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 in property transactions within Thiruneermalai, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Ensuring compliance with the guideline value is necessary for a smooth registration process at the Pammal SRO.

Frequently asked questions

What is the current guideline value for Saraswathipuram 1st Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,742 per sq.ft in 2017 to Rs 2,600 per sq.ft in 2023, and then to Rs 2,860 per sq.ft in 2024, showing an overall increase of 64% from 2017 to 2024.

What are the other streets in Thiruneermalai with the same guideline value?

Other streets in Thiruneermalai that share the same guideline value of Rs 2,860 per sq.ft include Saraswathipuram 1st Main Road, Saraswathipuram 1st Street (East), Saraswathipuram 1st Street (West), Saraswathipuram 2nd Main Road, Saraswathipuram 3rd Main Road, and Saraswathipuram Extn.

What is the registration fee for property transactions?

The registration fee for property transactions is 2% of the guideline value. For a property valued at Rs 28,60,000, the registration fee would be Rs 57,200.

Where can I find the Sub Registrar Office for Saraswathipuram 1st Street?

The Sub Registrar Office covering Saraswathipuram 1st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information by visiting the relevant link.