Guideline Value for Saravanapuri Nagar

Saravanapuri Nagar guideline value

The current guideline value of Saravanapuri Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Vallam_B village under the Sriperumpudur SRO, classified as Residential Class IV Type - I.

How the guideline value of Saravanapuri Nagar has changed

The guideline value for Saravanapuri Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 150 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 100 per sq.ft, marking a 50% increase from 2017 to 2023, and an overall increase of 50% from 2017 to 2024.

For the years 2012, 2007, 2003, and 2002, the register has no figure for this street. Therefore, the only recorded values are from the 2017, 2023, and 2024 revisions.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 400 per sq.ft. Saravanapuri Nagar's 2024 figure is below this median.

• Santhiyamman Koil 2nd Street: Rs 400 per sq.ft (2024)
• Santhaiyamman Koil Street: Rs 400 per sq.ft (2024)
• Sannathi Street: Rs 600 per sq.ft (2024)
• Samayapurathamman Nagar: Rs 200 per sq.ft (2024)
• Roja Nagar: Rs 400 per sq.ft (2024)
• Sivan Koil Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Saravanapuri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total cost for these charges to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Saravanapuri Nagar?

The Sub Registrar Office that covers Saravanapuri Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vallam_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for both the buyer and seller. This value is used to calculate the applicable fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Saravanapuri Nagar?

The current guideline value for Saravanapuri Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 150 per sq.ft from 2023 to 2024. It increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023, reflecting a 50% increase over that period.

What is the classification of Saravanapuri Nagar?

Saravanapuri Nagar is classified as Residential Class IV Type - I, indicating its designation for residential use within the area.

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

The Sub Registrar Office for Saravanapuri Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Saravanapuri Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property with a guideline value of Rs 1,50,000, the stamp duty would be Rs 10,500 at a rate of 7%.