Guideline Value for Sababathi Nagar 4th Street

Sababathi Nagar 4th Street guideline value

The current guideline value of Sababathi Nagar 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Moovarasampattu village, under the Alandur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sababathi Nagar 4th Street has changed

The guideline value for Sababathi Nagar 4th Street has seen several revisions over the years. In 2002, the value was Rs 202 per sq.ft, which increased to Rs 222 per sq.ft in 2003, marking a 10% rise. The value then surged significantly to Rs 900 per sq.ft in 2007, reflecting a 305% increase. Following this, the value rose to Rs 3,000 per sq.ft in 2012, a remarkable 233% increase. However, it dropped to Rs 2,010 per sq.ft in 2017, which was a decrease of 33%. The value then climbed to Rs 3,000 per sq.ft in 2023, showing a 49% increase. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, representing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,534%. There are no years in the register that do not have a figure for this street.

Guideline values in Moovarasampattu

In Moovarasampattu, there are 68 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the current value of Sababathi Nagar 4th Street.

• Sababathi Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Sababathi Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Sababathi Nagar Main: Rs 3,300 per sq.ft (2024)
• Sababathi Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Raghava Nagar Mayana Road: Rs 4,400 per sq.ft (2024)
• Raghava nagar Kuttai Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sababathi Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total Rs 2,97,000. 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 information.

Which Sub Registrar Office covers Sababathi Nagar 4th Street?

The Sub Registrar Office that covers Sababathi Nagar 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for additional details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Moovarasampattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sababathi Nagar 4th Street?

The current guideline value of Sababathi Nagar 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 202 per sq.ft to Rs 3,300 per sq.ft in 2024, marking an overall increase of 1,534%.

What are the other streets in Moovarasampattu with the same guideline value?

Other streets in Moovarasampattu with the same guideline value of Rs 3,300 per sq.ft include Sababathi Nagar 1st, 2nd, 3rd, and Main Streets.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sababathi Nagar 4th Street?

The Sub Registrar Office for Sababathi Nagar 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.