Guideline Value for SABABATHI NAGAR/ EXT

Sababathi Nagar/ Ext guideline value

The current guideline value of Sababathi Nagar/ Ext is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Vallur village and falls under the Thiruvottiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Sababathi Nagar/ Ext has changed

The guideline value for Sababathi Nagar/ Ext has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 134 per sq.ft. This increased to Rs 200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 sees the guideline value further increasing to Rs 220 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 220 to Rs 551 per sq.ft. The median value is Rs 220 per sq.ft, which is the same as the current figure for Sababathi Nagar/ Ext. Below are the guideline values for other streets in Vallur:

• Sakthi Nagar: Rs 330 per sq.ft (2024)
• Sanjai Ganthi Nagar: Rs 550 per sq.ft (2024)
• Saraswathi Nagar: Rs 220 per sq.ft (2024)
• Rajiv Nagar: Rs 220 per sq.ft (2024)
• Rajeshwari Nagar: Rs 550 per sq.ft (2024)
• Semmozhi Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Sababathi Nagar/ Ext

For a 1,000 sq.ft plot at the current rate of Rs 220 per sq.ft, the guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sababathi Nagar/ Ext?

The Sub Registrar Office that covers Sababathi Nagar/ Ext is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Vallur. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction. The guideline value is assessed based on various factors, including location and land classification.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers should be aware of the guideline value in their area to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Sababathi Nagar/ Ext?

The current guideline value of Sababathi Nagar/ Ext is Rs 220 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 134 per sq.ft to Rs 220 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty and registration fees for property in Sababathi Nagar/ Ext?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 19,800.

Which office handles property registrations for Sababathi Nagar/ Ext?

The Thiruvottiyur Sub Registrar Office is responsible for property registrations in Sababathi Nagar/ Ext, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the median guideline value for streets in Vallur?

The median guideline value for streets in Vallur is Rs 220 per sq.ft, which is the same as the current guideline value for Sababathi Nagar/ Ext.