Guideline Value for SABARI NAGAR

Sabari Nagar guideline value

The current guideline value of Sabari Nagar, located in Thiruninravur-B village under the Avadi SRO, is Rs 1,232 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Sabari Nagar has changed

The guideline value for Sabari Nagar has undergone several revisions over the years. The revision history shows that the value was Rs 750 per sq.ft in 2017, which increased to Rs 1,120 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 1,232 per sq.ft, marking a 10% increase from the previous year. The overall change from 2017 to 2024 is a significant 64% increase.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The revisions reflect a substantial rise in guideline value, with a notable 49% increase from 2017 to 2023.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Sabari Nagar's 2024 figure above this median.

• Royal Garden: Rs 660 per sq.ft (2024)
• Ria Srinivasa Plams: Rs 1,320 per sq.ft (2024)
• Sakthivel Nagar & Streets: Rs 770 per sq.ft (2024)
• Sambangi Nagar & Streets: Rs 870 per sq.ft (2024)
• Sandiya Street: Rs 440 per sq.ft (2024)
• Ram Nagar: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sabari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,232 per sq.ft, the total guideline value amounts to Rs 12,32,000. The stamp duty at 7% would be Rs 86,240, and the registration fee at 2% would be Rs 24,640, bringing the total to Rs 1,10,880. 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 detailed calculations.

Which Sub Registrar Office covers Sabari Nagar?

Sabari Nagar falls under the jurisdiction of the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruninravur-B. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sabari Nagar?

The current guideline value of Sabari Nagar is Rs 1,232 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From 2023 to 2024, the guideline value increased by 10%. The overall change from 2017 to 2024 is a 64% increase.

What is the land classification of Sabari Nagar?

Sabari Nagar is classified as Mixed Type - I, which indicates a blend of residential and commercial land uses.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated in Sabari Nagar?

Stamp duty in Sabari Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Registration fees are charged at 2% of the guideline value.