Guideline Value for Saveriayar Street

Saveriayar Street guideline value

The current guideline value of Saveriayar Street is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in Thirupanthiyoor village, under the Sunguvarchattram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Saveriayar Street has changed

Looking at the revisions, the guideline value for Saveriayar Street has seen various changes over the years. The 2012 revision set the value at Rs 350 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 350 per sq.ft. The next revision in 2024 continues this trend with a value of Rs 350 per sq.ft, indicating no change from the previous year. The register has no figures for the revisions in 2002, 2003, and 2007.

In contrast, the value saw a significant increase from Rs 234 per sq.ft in the 2017 revision to Rs 350 per sq.ft in the 2023 revision, marking a 50% increase. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down from Rs 350 per sq.ft to Rs 234 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 350 per sq.ft.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor village, there are 53 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft. The median value is Rs 350 per sq.ft, which is equal to the guideline value of Saveriayar Street.

• Sebastian Avenue: Rs 200 per sq.ft (2024)
• SelvaGanapathy Nagar: Rs 350 per sq.ft (2024)
• Sirumalar street: Rs 350 per sq.ft (2024)
• Sagayamatha street: Rs 350 per sq.ft (2024)
• Royal City: Rs 700 per sq.ft (2024)
• Punitha Annal street: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Saveriayar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total fees together to Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Saveriayar Street?

The Sub Registrar Office that covers Saveriayar Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Thirupanthiyoor. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Saveriayar Street?

The current guideline value of Saveriayar Street is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft from 2012 to 2024, with fluctuations in between, such as a decrease to Rs 234 per sq.ft in 2017 and an increase back to Rs 350 per sq.ft in 2023.

What is the land classification for Saveriayar Street?

The land classification for Saveriayar Street is Residential Class I Type - I, indicating its suitability for residential development.

Where is the Sub Registrar Office for Saveriayar Street located?

The Sub Registrar Office for Saveriayar Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Saveriayar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, a property with a guideline value of Rs 3,50,000 would incur a stamp duty of Rs 24,500 at 7%.