Guideline Value for Saraswathy Nagar

Saraswathy Nagar guideline value

The current guideline value of Saraswathy Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Mevaloorkuppam B village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Saraswathy Nagar has changed

In the 2017 revision, the guideline value was set at Rs 201 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 300 per sq.ft. The latest revision in 2024 has kept the guideline value at Rs 300 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, there has been a 49% increase in the guideline value. The transition from 2017 to 2023 saw a similar increase of 49%, while the value has remained consistent from 2023 to 2024, with a change of +0%.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 6,200 per sq.ft. The median guideline value in this area is Rs 400 per sq.ft, positioning Saraswathy Nagar's 2024 figure below that median.

• Santhu Street: Rs 300 per sq.ft (2024)
• Santhi Nagar: Rs 300 per sq.ft (2024)
• Selliyamman Koil Street: Rs 100 per sq.ft (2024)
• S&P The Crest: Rs 1,320 per sq.ft (2024)
• Sree Sayee Nagar: Rs 1,320 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Saraswathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 details.

Which Sub Registrar Office covers Saraswathy Nagar?

The Sub Registrar Office that covers Saraswathy Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value serves as a reference for determining the stamp duty and registration fees when buying or selling property in Mevaloorkuppam B. It is essential for both buyers and sellers to be aware of the current guideline value to ensure accurate calculations of these fees.

When registering a property, the guideline value is used to assess the applicable duties, which are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Saraswathy Nagar?

The current guideline value of Saraswathy Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2023 to 2024, while it increased by 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023. The register has no figures for the years 2002, 2003, 2007, and 2012.

What is the classification of land in Saraswathy Nagar?

Saraswathy Nagar is classified as Residential Class III Type - I under the guideline value register.

What are the stamp duty and registration fees for property in Saraswathy Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Saraswathy Nagar?

The Sub Registrar Office for Saraswathy Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information by visiting the relevant links.