Guideline Value for SABAPATHY PATHAR STREET

Sabapathy Pathar Street guideline value

The current guideline value of Sabapathy Pathar Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Thiruporur village, under the Thiruporur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sabapathy Pathar Street has changed

The guideline value for Sabapathy Pathar Street has undergone several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 133 per sq.ft. This increased to Rs 149 per sq.ft in 2003, marking a rise of 12%. The value then saw a significant jump to Rs 800 per sq.ft in 2012, which was a 437% increase from the previous revision. However, it dropped to Rs 536 per sq.ft in 2017, reflecting a decrease of 33%. The value rose again to Rs 800 per sq.ft in 2023, and most recently, it has reached Rs 880 per sq.ft in 2024, representing a 10% increase from the previous year.

It is important to note that there is no recorded guideline value for Sabapathy Pathar Street in the 2007 revision. Overall, from 2002 to 2024, the guideline value has increased by 562%.

Guideline values in Thiruporur

In Thiruporur village, there are 31 streets under the Thiruporur SRO that have a 2024 guideline value ranging from Rs 495 to Rs 4,500 per sq.ft. The median value is Rs 880 per sq.ft, which is the same as the current guideline value for Sabapathy Pathar Street.

• Sannathi Santhu Street: Rs 770 per sq.ft (2024)
• Sannathi Street: Rs 880 per sq.ft (2024)
• Santror Street: Rs 770 per sq.ft (2024)
• Police Line Street: Rs 880 per sq.ft (2024)
• South Mada Street: Rs 880 per sq.ft (2024)
• Sowbaghiya Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Sabapathy Pathar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty, charged at 7%, would be Rs 61,600, while the registration fee at 2% would be Rs 17,600. Thus, the total cost for these fees together would be Rs 79,200. 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 information on fees applicable to property transactions.

Which Sub Registrar Office covers Sabapathy Pathar Street?

The Sub Registrar Office that covers Sabapathy Pathar Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Thiruporur, the guideline value is a critical factor in determining the registration costs. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both parties are aware of the financial implications of the transaction.

The guideline value is not only a reflection of the property’s worth but also plays a vital role in the legal documentation process during registration. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Sabapathy Pathar Street?

The current guideline value of Sabapathy Pathar Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 133 per sq.ft in 2002 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 562% over the years.

What are the other streets in Thiruporur with their guideline values?

Other streets in Thiruporur include Sannathi Santhu Street at Rs 770 per sq.ft, Sannathi Street at Rs 880 per sq.ft, and several others, with values ranging from Rs 495 to Rs 4,500 per sq.ft.

What are the registration fees based on the guideline value?

Registration fees are calculated based on the guideline value. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Where can I find the Sub Registrar Office for Sabapathy Pathar Street?

The Sub Registrar Office for Sabapathy Pathar Street is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.