Guideline Value for SABATHI NAGAR (PER)

Sabathi Nagar (Per) guideline value

The current guideline value for Sabathi Nagar (Per) is Rs 440 per sq.ft. This area is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Sabathi Nagar (Per) has changed

The guideline value for Sabathi Nagar (Per) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 440 per sq.ft, which is an increase from Rs 400 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the value was Rs 268 per sq.ft, reflecting a significant increase of +49% by 2023. The 2012 revision also recorded a value of Rs 400 per sq.ft, which was a decrease of -33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +10%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. This lack of data indicates that the values for those years are not available for reference.

Guideline values in Kattankollatur

Kattankollatur village has a range of guideline values across its 453 streets under the Chengleput Joint II SRO, with values varying from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Sabathi Nagar (Per) below that median.

• Sadasivam Salai (Ward -18): Rs 1,320 per sq.ft (2024)
• Sadasivam Salai (Ward -2): Rs 1,320 per sq.ft (2024)
• Sagunathapuram (N): Rs 660 per sq.ft (2024)
• Rukumani Nagar (N): Rs 660 per sq.ft (2024)
• Roshan Babu Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Sakthi Nagar (Per): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Sabathi Nagar (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. 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 detailed calculations.

Which Sub Registrar Office covers Sabathi Nagar (Per)?

The Sub Registrar Office that covers Sabathi Nagar (Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is used to calculate the applicable fees, which can significantly affect the overall cost of the transaction. Understanding the guideline value helps both parties in the transaction to be aware of their financial obligations.

Frequently asked questions

What is the current guideline value of Sabathi Nagar (Per)?

The current guideline value of Sabathi Nagar (Per) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024. It was Rs 268 per sq.ft in 2017 and Rs 400 per sq.ft in 2012.

What is the land classification of Sabathi Nagar (Per)?

Sabathi Nagar (Per) is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Sabathi Nagar (Per)?

The Sub Registrar Office for Sabathi Nagar (Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for property transactions in Sabathi Nagar (Per)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 at a rate of 7%.