Guideline Value for Saratha Nagar

Saratha Nagar guideline value

The current guideline value of Saratha Nagar, located in 44.Ayanambakkam village under the Konnur SRO, is Rs 801 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class V Type - III land classification.

How the guideline value of Saratha Nagar has changed

The guideline value for Saratha Nagar has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 268 per sq.ft. This figure saw a significant increase to Rs 801 per sq.ft in the 2023 revision, representing a change of +199%. The 2024 revision maintained this value at Rs 801 per sq.ft, resulting in no change from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by +199%.

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, with a median value of Rs 1,300 per sq.ft. Saratha Nagar's 2024 figure is below this median.

• Saraswathy nagar Extn.: Rs 880 per sq.ft (2024)
• Saraswathy Nagar: Rs 880 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 Saratha Nagar

For a 1,000 sq.ft plot at the current rate of Rs 801 per sq.ft, the guideline value would be Rs 8,01,000. The stamp duty at 7% would amount to Rs 56,070, and the registration fee at 2% would be Rs 16,020, totaling Rs 72,090. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saratha Nagar?

The Sub Registrar Office that covers Saratha Nagar is 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 plays a crucial role during property registration in 44.Ayanambakkam. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware that the guideline value may influence the overall costs associated with property transfer.

When registering a property, the guideline value ensures that the government receives the appropriate revenue from the transaction. This value is crucial for maintaining transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Saratha Nagar?

The current guideline value of Saratha Nagar is Rs 801 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 268 per sq.ft to Rs 801 per sq.ft in 2024, reflecting a total change of +199%.

What are the stamp duty rates for properties in Saratha Nagar?

The stamp duty for properties in Saratha Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the median guideline value in 44.Ayanambakkam?

The median guideline value in 44.Ayanambakkam is Rs 1,300 per sq.ft, with Saratha Nagar's value being below this median at Rs 801 per sq.ft.