Guideline Value for saraswathi nagar

Saraswathi Nagar guideline value

The current guideline value of Saraswathi Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Nemili_B village and falls under the Sriperumpudur SRO. The land classification for this street is Mixed Type - II.

How the guideline value of Saraswathi Nagar has changed

The guideline value for Saraswathi Nagar has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 536 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 800 per sq.ft. The latest revision in 2024 also maintains the guideline value at Rs 800 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49%, reflecting the same value of Rs 800 per sq.ft in the most recent revisions.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,500 per sq.ft. The median guideline value in this village is Rs 250 per sq.ft, placing Saraswathi Nagar's 2024 figure above that median.

• Senthil Nagar: Rs 300 per sq.ft (2024)
• Royal Homes: Rs 300 per sq.ft (2024)
• Soma Nagar: Rs 250 per sq.ft (2024)
• Ramanan Nagar: Rs 200 per sq.ft (2024)
• Sowbagiya Co-operative Nagar: Rs 300 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Saraswathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Saraswathi Nagar?

The Sub Registrar Office that covers Saraswathi Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Nemili_B. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that all transactions are recorded fairly and transparently. It serves as a benchmark for property valuations and helps in maintaining uniformity in property registration across the region.

Frequently asked questions

What is the current guideline value of Saraswathi Nagar?

The current guideline value of Saraswathi Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft from 2023 to 2024, showing no change. It increased from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, marking a 49% increase over that period.

What is the land classification for Saraswathi Nagar?

Saraswathi Nagar is classified as Mixed Type - II, which indicates a diverse usage of land in the area.

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

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

How is stamp duty calculated for property in Saraswathi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 at a rate of 7%.