Guideline Value for SABTHAGIRI ST

Sabthagiri St guideline value

The current guideline value of Sabthagiri St in Paleripattu village, under the Avadi SRO, is Rs 990 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Sabthagiri St has changed

The guideline value for Sabthagiri St has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 900 per sq.ft in the 2023 revision, and then to Rs 990 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the increase was 49%, and from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, 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 Paleripattu

In Paleripattu, there are 111 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,200 per sq.ft. The median value is Rs 990 per sq.ft, which is equal to the 2024 guideline value of Sabthagiri St.

• River Bank St: Rs 990 per sq.ft (2024)
• R.C.Natesan Nagar: Rs 1,320 per sq.ft (2024)
• Sapthagiri Nagar & Street: Rs 990 per sq.ft (2024)
• Ramasamy St: Rs 990 per sq.ft (2024)
• Ramaraj Nagar: Rs 990 per sq.ft (2024)
• Sargunam St: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Sabthagiri St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total cost for these fees Rs 89,100. 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 details.

Which Sub Registrar Office covers Sabthagiri St?

The Sabthagiri St falls under 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 Paleripattu

The guideline value is a crucial factor when registering property transactions in Paleripattu. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for legal property transfers.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly, reflecting the official value set by the Registration Department. This process is essential for maintaining transparency and legality in real estate transactions.

Frequently asked questions

What is the current guideline value of Sabthagiri St?

The current guideline value of Sabthagiri St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Sabthagiri St?

Sabthagiri St is classified as Residential Class II Type - I.

Where can I find the registration office for Sabthagiri St?

The registration office for Sabthagiri St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Sabthagiri St?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, at the current guideline value of Rs 9,90,000, the stamp duty would be Rs 69,300 at 7%.