Guideline Value for Sarathambal Nagar

Sarathambal Nagar guideline value

The current guideline value of Sarathambal Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Agaram Male village under the Poonamallee SRO, classified as Residential Special Type - I.

How the guideline value of Sarathambal Nagar has changed

The guideline value for Sarathambal Nagar has seen several revisions over the years. In the 2017 revision, the value was Rs 469 per sq.ft. This increased significantly to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Agaram Male

Agaram Male village has 21 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,800 per sq.ft. The median value is Rs 770 per sq.ft, placing Sarathambal Nagar's 2024 figure at the median.

• Saranya Nagar: Rs 770 per sq.ft (2024)
• Santhammal Nagar: Rs 770 per sq.ft (2024)
• Sannathi Street: Rs 550 per sq.ft (2024)
• Shree Vari Nagar: Rs 1,642 per sq.ft (2024)
• Sri Ambal City: Rs 770 per sq.ft (2024)
• Pushpha Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Sarathambal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, while the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. Note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sarathambal Nagar?

The Sub Registrar Office covering Sarathambal Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

When buying or selling property in Agaram Male, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum price at which a property can be registered, ensuring that transactions reflect the official valuations set by the state.

It is important for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations involved in property transactions. The registration office will use this value to calculate the applicable fees during the registration process.

Frequently asked questions

What is the current guideline value of Sarathambal Nagar?

The current guideline value of Sarathambal Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in 2024. This reflects a total increase of 64% from 2017 to 2024.

What are the other streets in Agaram Male with their guideline values?

Other streets in Agaram Male include Saranya Nagar, Santhammal Nagar, Sannathi Street, Shree Vari Nagar, Sri Ambal City, and Pushpha Nagar, with guideline values ranging from Rs 550 to Rs 1,642 per sq.ft as of 2024.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 7,70,000 would incur a stamp duty of Rs 53,900 at a rate of 7%.

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

The Sub Registrar Office for Sarathambal Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find more details online.