Guideline Value

Corporate

Guideline Value for Saraswathipuram 3rd Main Road

₹2860/sq.ft.

The guideline value for Saraswathipuram 3rd 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 3rd Main Road

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Saraswathipuram 3rd Main Road guideline value

The current guideline value of Saraswathipuram 3rd Main Road is Rs 2,860 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village, under the Pammal SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Saraswathipuram 3rd Main Road has changed

The guideline value for Saraswathipuram 3rd Main Road has seen significant changes over the years. In 2003, the value was Rs 238 per sq.ft, which increased to Rs 810 per sq.ft in 2007. This marked a substantial rise of 240%. The value further escalated to Rs 1,742 per sq.ft in 2017, reflecting an increase of 115%. The most recent revisions show that the value was Rs 2,600 per sq.ft in 2023, before reaching the current rate of Rs 2,860 per sq.ft in 2024, a change of 10%.

It is important to note that there are no figures available for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1,102%.

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 value for these streets is Rs 2,420 per sq.ft, placing Saraswathipuram 3rd Main Road's 2024 figure above that median.

Stamp duty and registration fee for property in Saraswathipuram 3rd 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 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 precise calculations.

Which Sub Registrar Office covers Saraswathipuram 3rd Main Road?

The Sub Registrar Office that covers Saraswathipuram 3rd Main Road is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Thiruneermalai. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in assessing the fair value of the property, ensuring transparency in the transaction process.

Frequently asked questions

What is the current guideline value of Saraswathipuram 3rd Main Road?

The current guideline value of Saraswathipuram 3rd Main Road is Rs 2,860 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 238 per sq.ft in 2003 to Rs 2,860 per sq.ft in 2024, marking an overall increase of 1,102% over this period.

What is the registration office for Saraswathipuram 3rd Main Road?

The registration office for Saraswathipuram 3rd Main Road is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in this area?

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

Are there other streets with the same guideline value in Thiruneermalai?

Yes, there are several other streets in Thiruneermalai with the same guideline value of Rs 2,860 per sq.ft for 2024, including Saraswathipuram 2nd Main Road, Saraswathipuram Extn., and others.