Guideline Value

Corporate

Guideline Value for Saraswathipuram Extn.,

₹2860/sq.ft.

The guideline value for Saraswathipuram Extn., 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 Extn.,

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Saraswathipuram Extn., guideline value

The current guideline value of Saraswathipuram Extn., is Rs 2,860 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is located in Thiruneermalai village and falls under the Pammal SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of Saraswathipuram Extn., has changed

The guideline value for Saraswathipuram Extn., has seen significant changes over the years. In 2003, the guideline 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 continued to climb, reaching Rs 1,742 per sq.ft in 2017, reflecting an increase of 115% from the previous revision. By 2023, the guideline value rose to Rs 2,600 per sq.ft, a notable 49% increase from 2017.

The most recent revision in 2024 set the guideline value at Rs 2,860 per sq.ft, representing a 10% increase from 2023. Overall, from 2003 to 2024, the guideline value has increased by an impressive 1102%. It is important to note that there are no figures available for the years 2002 and 2012 for this street in the register.

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 the village is Rs 2,420 per sq.ft, placing Saraswathipuram Extn., above this median.

Stamp duty and registration fee for property in Saraswathipuram Extn.,

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total 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, bringing the total to Rs 2,57,400. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Saraswathipuram Extn.,?

The Sub Registrar Office that covers Saraswathipuram Extn., is 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 information.

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

The guideline value is a crucial factor in property transactions in Thiruneermalai, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware that the guideline value is used to calculate the stamp duty and registration fees during the property registration process.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property in the respective area.

Frequently asked questions

What is the current guideline value of Saraswathipuram Extn.,?

The current guideline value of Saraswathipuram Extn., 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 increased significantly from Rs 238 per sq.ft in 2003 to Rs 2,860 per sq.ft in 2024, marking an overall increase of 1102% over this period.

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 in 2024 include Saraswathipuram 3rd Main Road, Saraswathipuram Extn 1st Street, Saraswathipuram 2nd Main Road, Saraswathipuram Extn 2nd Street, Saraswathipuram 1st Street (West), and Saraswathipuram 1st Street (East).

Where can I find the Sub Registrar Office for Saraswathipuram Extn.,?

The Sub Registrar Office for Saraswathipuram Extn., is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, under the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Saraswathipuram Extn.,?

Stamp duty for properties in Saraswathipuram Extn., is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.