Guideline Value

Corporate

Guideline Value for Saraswathipuram 2nd Main Road

₹2860/sq.ft.

The guideline value for Saraswathipuram 2nd Main Road 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 ₹810 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹238 /sq.ft.
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 2nd Main Road

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Saraswathipuram 2nd Main Road guideline value

The current guideline value of Saraswathipuram 2nd Main Road is Rs 2,860 per sq.ft, effective from 1 July 2024. This road is located in Thiruneermalai village, under the Pammal SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Saraswathipuram 2nd Main Road has changed

The guideline value for Saraswathipuram 2nd Main Road has undergone several revisions over the years. The earliest recorded value was Rs 238 per sq.ft in 2003. This increased significantly to Rs 810 per sq.ft in 2007, marking a change of +240%. By 2017, the value rose to Rs 1,742 per sq.ft, reflecting a substantial increase of +115%. The value further increased to Rs 2,600 per sq.ft in 2023, which was a +49% change from the previous revision.

The most recent revision in 2024 set the guideline value at Rs 2,860 per sq.ft, representing a +10% increase from the 2023 figure. It is important to note that there are no figures available for the years 2002 and 2012 in the register 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 for these streets is Rs 2,420 per sq.ft, placing Saraswathipuram 2nd Main Road above this median.

Stamp duty and registration fee for property in Saraswathipuram 2nd Main Road

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 cost to Rs 2,57,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Saraswathipuram 2nd Main Road?

The Saraswathipuram 2nd Main Road is covered by 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 additional information.

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

When buying or selling property in Thiruneermalai, the guideline value is a crucial factor during the registration process. It determines the minimum value at which the property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

The guideline value helps in assessing the fair value of the property, providing a benchmark for both buyers and sellers. It is essential to be aware of the current guideline values to make informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Saraswathipuram 2nd Main Road?

The current guideline value of Saraswathipuram 2nd Main Road 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 increased from Rs 238 per sq.ft in 2003 to Rs 2,860 per sq.ft in 2024, reflecting an overall increase of +1102% over the years.

What is the land classification for this road?

Saraswathipuram 2nd Main Road is classified as Commercial Class I Type - I, indicating its commercial significance in the area.

Where can I find the registration office for this area?

The Pammal Sub Registrar Office covers Saraswathipuram 2nd Main Road, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties on this road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 28,60,000, the stamp duty would be Rs 2,00,200.