Guideline Value for SABI NAGAR & STREETS

Sabi Nagar & Streets guideline value

The current guideline value of Sabi Nagar & Streets in Mukthapudupattu village, under the Avadi SRO, is Rs 804 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Sabi Nagar & Streets has changed

The guideline value for Sabi Nagar & Streets has undergone several revisions over the years. In 2012, the value was set at Rs 400 per sq.ft. This figure saw a decrease to Rs 268 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase, bringing the value up to Rs 600 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 804 per sq.ft, marking a 34% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 101%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mukthapudupattu

In Mukthapudupattu, there are 37 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 804 per sq.ft, with a median value of Rs 802 per sq.ft. The guideline value for Sabi Nagar & Streets is above this median.

• Rajiv Nagar: Rs 804 per sq.ft (2024)
• Police Station Road: Rs 802 per sq.ft (2024)
• Police Station & 2nd St: Rs 804 per sq.ft (2024)
• Pillaiyar Koil St: Rs 800 per sq.ft (2024)
• Periyar Nagar & Streets: Rs 804 per sq.ft (2024)
• Sri Ram Nagar: Rs 804 per sq.ft (2024)

Stamp duty and registration fee for property in Sabi Nagar & Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 804 per sq.ft, the total guideline value amounts to Rs 8,04,000. The stamp duty at 7% would be Rs 56,280, and the registration fee at 2% would be Rs 16,080, bringing the total fees together to Rs 72,360. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sabi Nagar & Streets?

The Sabi Nagar & Streets area is covered by the Avadi Sub Registrar Office, 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 Mukthapudupattu

The guideline value is a crucial factor in the registration process when buying or selling property in Mukthapudupattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller are aware of the financial implications of the transaction. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sabi Nagar & Streets?

The current guideline value of Sabi Nagar & Streets is Rs 804 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 increased to Rs 600 per sq.ft in 2023, and finally to Rs 804 per sq.ft in 2024.

What is the land classification for Sabi Nagar & Streets?

Sabi Nagar & Streets is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Sabi Nagar & Streets?

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

How is the stamp duty calculated for properties in Sabi Nagar & Streets?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 804 per sq.ft, the total guideline value would be Rs 8,04,000, leading to specific fees for stamp duty and registration.