Guideline Value for SABATHI NAGAR (PER)

Sabathi Nagar (Per) guideline value

The current guideline value of Sabathi Nagar (Per), located in Peramanoor village under the Chengleput Joint II SRO, is Rs 661 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - III.

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 set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision when it decreased to Rs 402 per sq.ft. This was followed by a significant increase in the 2023 revision, which brought the value back up to Rs 600 per sq.ft, and the most recent 2024 revision, which set the value at Rs 661 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 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 661 per sq.ft (2024)
• Rukumani Nagar (N): Rs 661 per sq.ft (2024)
• Roshan Babu Nagar (Ward -19): Rs 661 per sq.ft (2024)
• Sakthi Nagar (Per): Rs 661 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 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, and the registration fee at 2% would be Rs 13,220, bringing the total charges to Rs 59,490. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sabathi Nagar (Per)?

Sabathi Nagar (Per) falls under 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 further assistance.

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

The guideline value serves as a benchmark for property transactions in Peramanoor. When buying or selling property, this value is used to calculate the stamp duty and registration fees required during the registration process.

It is essential to understand that the guideline value is not the same as the market price but is a standard value set by the government for taxation purposes. Buyers and sellers should be aware of this value to ensure compliance with legal requirements during property transactions.

Frequently asked questions

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

The current guideline value of Sabathi Nagar (Per) is Rs 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

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

The land classification for Sabathi Nagar (Per) is Residential Class I Type - III. This classification indicates its suitability for residential development.

What are the stamp duty and registration fees for property transactions in Sabathi Nagar (Per)?

For a property valued at Rs 6,61,000, the stamp duty would be Rs 46,270 and the registration fee would be Rs 13,220, totaling Rs 59,490. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Sabathi Nagar (Per)?

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