Guideline Value for Sarathy Nagar

Sarathy Nagar guideline value

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

How the guideline value of Sarathy Nagar has changed

Over the years, the guideline value for Sarathy Nagar has seen several revisions. The 2012 revision set the value at Rs 2,200 per sq.ft, which remained unchanged in the subsequent 2017 revision at Rs 1,474 per sq.ft, a decrease of 33%. However, from 2017 to the 2023 revision, the value increased by 49% back to Rs 2,200 per sq.ft, and this figure has remained the same through the 2024 revision, 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. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen no net change, remaining at Rs 2,200 per sq.ft.

Guideline values in Puthagaram

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

• Sarathy Nagar Extention: 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

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling 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.

You can calculate your potential costs using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sarathy Nagar?

The Sarathy Nagar area is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your specific SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puthagaram. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price of the property.

Understanding the guideline value helps both buyers and sellers navigate the financial aspects of property transactions. It ensures that all parties are aware of the costs involved in the registration process, which is essential for a smooth transaction.

Frequently asked questions

What is the current guideline value of Sarathy Nagar?

The current guideline value of Sarathy Nagar 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 remained at Rs 2,200 per sq.ft in the revisions of 2012, 2023, and 2024, with a decrease to Rs 1,474 per sq.ft in 2017. The overall change from 2012 to 2024 shows no net change.

What are the guideline values of other streets in Puthagaram?

Other streets in Puthagaram have varying guideline values, ranging from Rs 1,200 to Rs 3,800 per sq.ft. Sarathy Nagar's value is above the median of Rs 1,900 per sq.ft.

What is the stamp duty for property in Sarathy Nagar?

The stamp duty for property in Sarathy Nagar is calculated at 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.

Where is the Sub Registrar Office for Sarathy Nagar located?

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