Guideline Value for Sarathy Nagar Extention

Sarathy Nagar Extention guideline value

The current guideline value of Sarathy Nagar Extention, located in Puthagaram village under the Ambattur SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Sarathy Nagar Extention has changed

The guideline value for Sarathy Nagar Extention has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 2,200 per sq.ft, which then decreased to Rs 1,474 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 2,200 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Therefore, the only relevant revisions for Sarathy Nagar Extention are from 2012, 2017, 2023, and the current 2024 figure.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value in this area is Rs 1,900 per sq.ft, making Sarathy Nagar Extention's 2024 figure of Rs 2,200 per sq.ft above the median.

• Sarathy Nagar: Rs 2,200 per sq.ft (2024)
• Saraswathi Nagar Annexe & Ext: Rs 3,500 per sq.ft (2024)
• Saraswathi Nagar: Rs 3,500 per sq.ft (2024)
• Santhosh Nagar Extn: Rs 2,200 per sq.ft (2024)
• Santhosh Nagar: Rs 2,200 per sq.ft (2024)
• Sathyamoorthy Nagar: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sarathy Nagar Extention

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sarathy Nagar Extention?

The Sub Registrar Office covering Sarathy Nagar Extention is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process of property transactions in Puthagaram. It is utilized to determine the applicable stamp duty and registration fees when buying or selling property.

When a property is registered, the guideline value or the sale price, whichever is higher, is used to calculate the stamp duty. This ensures that the government receives the appropriate fees based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sarathy Nagar Extention?

The current guideline value of Sarathy Nagar Extention is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023 and 2024. The value saw a significant increase of 49% from 2017 to 2023.

What is the land classification for Sarathy Nagar Extention?

The land classification for Sarathy Nagar Extention is Residential Special Type - III.

What are the stamp duty rates for property in Sarathy Nagar Extention?

The stamp duty for property in Sarathy Nagar Extention is charged at 7% of the guideline value or sale price, whichever is higher. This is in addition to a registration fee of 2%.

Which Sub Registrar Office covers the area of Sarathy Nagar Extention?

The Ambattur Sub Registrar Office covers Sarathy Nagar Extention, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.