Guideline Value for Saraswathy nagar Extn.

Saraswathy nagar Extn. guideline value

The current guideline value of Saraswathy nagar Extn. is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Class IV Type - I.

How the guideline value of Saraswathy nagar Extn. has changed

The guideline value for this street has undergone several revisions over the years. The 2017 revision set the value at Rs 536 per sq.ft, which increased to Rs 800 per sq.ft in the 2023 revision. The latest revision in 2024 raised it further to Rs 880 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The changes between the revisions show a significant increase of 49% from 2017 to 2023, highlighting the upward trend in the guideline value over the years.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 9,702 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, placing Saraswathy nagar Extn.'s 2024 figure below this median.

• Saraswathy Nagar: Rs 880 per sq.ft (2024)
• Saratha Nagar: Rs 801 per sq.ft (2024)
• Sasthri Nagar: Rs 880 per sq.ft (2024)
• Sasthri Street: Rs 880 per sq.ft (2024)
• School Road: Rs 1,700 per sq.ft (2024)
• Sadaippa Vallal Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Saraswathy nagar Extn.

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Saraswathy nagar Extn.?

The Saraswathy nagar Extn. falls under the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor during property transactions in 44.Ayanambakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are in line with the official valuation set by the Registration Department.

Frequently asked questions

What is the current guideline value of Saraswathy nagar Extn.?

The current guideline value of Saraswathy nagar Extn. is Rs 880 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 536 per sq.ft to Rs 880 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles registrations for Saraswathy nagar Extn.?

The Konnur Sub Registrar Office handles registrations for Saraswathy nagar Extn., located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Saraswathy nagar Extn.?

Saraswathy nagar Extn. is classified as Residential Class IV Type - I according to the local guidelines.