Guideline Value

Corporate

Guideline Value for Saraswathipuram Extn 1st Street

₹2860/sq.ft.

The guideline value for Saraswathipuram Extn 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 Extn 1st Street

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Saraswathipuram Extn 1st Street guideline value

The current guideline value of Saraswathipuram Extn 1st Street is Rs 2,860 per sq.ft. 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 Extn 1st Street has changed

Over the years, the guideline value for Saraswathipuram Extn 1st Street has seen significant changes. The earliest recorded revision was in 2017, with a guideline value of Rs 1,742 per sq.ft. This figure increased to Rs 2,600 per sq.ft in 2023, marking a rise of 49%. The latest revision in 2024 set the guideline value at Rs 2,860 per sq.ft, representing a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a substantial increase of 64%. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

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 the guideline value of Saraswathipuram Extn 1st Street above this median.

Stamp duty and registration fee for property in Saraswathipuram Extn 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 to Rs 2,57,400. Duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Saraswathipuram Extn 1st Street?

The Saraswathipuram Extn 1st Street falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruneermalai. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Saraswathipuram Extn 1st Street?

The current guideline value of Saraswathipuram Extn 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 increased from Rs 1,742 per sq.ft in 2017 to Rs 2,860 per sq.ft in 2024, showing an overall increase of 64% over this period.

What is the land classification for Saraswathipuram Extn 1st Street?

The land classification for Saraswathipuram Extn 1st Street is Commercial Class I Type - I.

What are the stamp duty and registration fees for property 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 for Saraswathipuram Extn 1st Street?

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