Guideline Value for Sarojini Nagar

Sarojini Nagar guideline value

The current guideline value of Sarojini Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Sarojini Nagar has changed

In the 2017 revision, the guideline value was set at Rs 670 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,000 per sq.ft. The latest revision in 2024 also maintains the guideline value at Rs 1,000 per sq.ft, resulting in a 49% increase from the 2017 value to the current rate.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions that reflect a value are from 2017, 2023, and 2024, with no change from 2023 to 2024.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Sarojini Nagar is above this median.

• Saralavathi Nagar: Rs 700 per sq.ft (2024)
• Saralavathi Garden: Rs 1,000 per sq.ft (2024)
• Sarala Nagar: Rs 700 per sq.ft (2024)
• Santhosh Nagar: Rs 1,200 per sq.ft (2024)
• Santhi Avenue: Rs 800 per sq.ft (2024)
• Sannathi Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sarojini Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sarojini Nagar?

The Sub Registrar Office that covers Sarojini 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 Sriperumbudur A

The guideline value is a crucial factor during property registration in Sriperumbudur A. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in accordance with government regulations.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Sarojini Nagar?

The current guideline value of Sarojini Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase over this period.

What is the land classification for Sarojini Nagar?

Sarojini Nagar is classified as Residential Class II Type - I, which indicates its designation for residential development.

What are the stamp duty and registration fees for property in Sarojini Nagar?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are based on the higher of the guideline value or the sale price.

Which office handles the registration for Sarojini Nagar?

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