Guideline Value for SABARI NAGAR

Sabari Nagar guideline value

The current guideline value of Sabari Nagar is Rs 450 per sq.ft. This area is located in Thozhuvur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this region is Residential Class II Type - II.

How the guideline value of Sabari Nagar has changed

In the 2012 revision, the guideline value was set at Rs 450 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 301 per sq.ft, marking a decrease of 33%. However, in the 2023 revision, the value increased to Rs 450 per sq.ft again, resulting in a 50% increase from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has not changed, remaining at Rs 450 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific village figures provided for Thozhuvur. The guideline value for Sabari Nagar stands at Rs 450 per sq.ft. There are no other streets in Thozhuvur listed under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Sabari Nagar

For a 1,000 sq.ft plot at the current rate of Rs 450 per sq.ft, the guideline value amounts to Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, totaling Rs 40,500. 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 precise calculations.

Which Sub Registrar Office covers Sabari Nagar?

The Sabari Nagar area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Thozhuvur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the duty is calculated based on the higher of the guideline value or the actual sale price. 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 450 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then increased back to Rs 450 per sq.ft in 2023. Overall, the value remained unchanged from 2012 to 2023.

What are the stamp duty and registration fees for properties in Sabari Nagar?

For a property valued at Rs 4,50,000 in Sabari Nagar, the stamp duty would be Rs 31,500, and the registration fee would be Rs 9,000, totaling Rs 40,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers the area of Sabari Nagar?

The Tiruvallur Joint 1 Sub Registrar Office covers Sabari Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Are there other streets in Thozhuvur with guideline values?

Currently, there are no other streets in Thozhuvur listed under the Tiruvallur Joint 1 SRO. The guideline value for Sabari Nagar is the only figure provided.