Guideline Value

Corporate

Guideline Value for Saravana Nagar

₹2400/sq.ft.

The guideline value for Saravana Nagar in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹160 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹139 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Saravana Nagar

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Saravana Nagar guideline value

The current guideline value of Saravana Nagar, located in Thirumullaivoyal village under the Ambattur SRO, is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Saravana Nagar has changed

The guideline value for Saravana Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 139 per sq.ft, which increased to Rs 160 per sq.ft in 2003, marking a 15% rise. Following this, the value rose dramatically to Rs 400 per sq.ft in 2007, representing a 150% increase. By 2012, the guideline value remained at Rs 2,200 per sq.ft, showing no change from the previous revision. The 2023 revision also recorded a guideline value of Rs 2,200 per sq.ft, indicating stability in this period.

In 2024, the guideline value was revised to Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1627%, showcasing the substantial growth over the years.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, which is equal to the current guideline value of Saravana Nagar.

Stamp duty and registration fee for property in Saravana Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saravana Nagar?

The Sub Registrar Office that covers Saravana Nagar 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 information.

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

The guideline value is a crucial factor in property transactions within Thirumullaivoyal. It is used to determine the stamp duty and registration fees applicable during the buying or selling process. Buyers and sellers must ensure that the property is registered at or above the guideline value to comply with legal requirements.

When registering a property, the guideline value serves as a benchmark for calculating the costs involved. This ensures transparency and fairness in the property registration process, safeguarding the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of Saravana Nagar?

The current guideline value of Saravana Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 139 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, representing an overall increase of 1627% over the years.

What is the land classification of Saravana Nagar?

Saravana Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What is the stamp duty rate for properties in Saravana Nagar?

The stamp duty rate for properties in Saravana Nagar is 7%, calculated on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Saravana Nagar located?

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