Guideline Value for SABATHI NAGAR (PER)

Sabathi Nagar (Per) guideline value

The current guideline value of Sabathi Nagar (Per) is Rs 440 per sq.ft, effective from 1 July 2024. This locality is situated in Panangottur 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 2012 revision recorded a value of Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in the 2017 revision. The following revision in 2023 brought the value back up to Rs 400 per sq.ft, and the most recent 2024 revision has set the guideline value at Rs 440 per sq.ft, marking a 10% increase from the previous year.

In total, from 2012 to 2024, the overall change in guideline value is an increase of 10%. The changes between the revisions were as follows: from 2017 to 2023, there was a significant increase of 49%, while the drop from 2012 to 2017 was 33%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur village, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 990 per sq.ft. The guideline value for Sabathi Nagar (Per) is below this median.

• Sadasivam Salai (Ward -18): Rs 1,320 per sq.ft (2024)
• Sadasivam Salai (Ward -2): Rs 1,320 per sq.ft (2024)
• Sagunthapuram (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 amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is important to note that 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, Chengalpattu registration zone. To find your SRO, click here.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Panangottur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the local authorities.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are transparent and adhere to the regulations set by the Registration Department.

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 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

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

Sabathi Nagar (Per) is classified as Residential Class II Type - II.

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

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

How is the stamp duty calculated for properties in Sabathi Nagar (Per)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 30,800.