Guideline Value for Sabapathy Street / Thiru Nagar

Sabapathy Street / Thiru Nagar guideline value

The current guideline value of Sabapathy Street / Thiru Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Sabapathy Street / Thiru Nagar has changed

The guideline value for Sabapathy Street / Thiru Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 188 per sq.ft. This increased to Rs 213 per sq.ft in 2003, marking a 13% rise. The value further rose to Rs 360 per sq.ft in 2007, which was a 69% increase from the previous revision. By 2017, the value reached Rs 1,206 per sq.ft, reflecting a substantial 235% increase from 2007.

As of the 2024 revision, the guideline value stands at Rs 1,980 per sq.ft, which is a 64% increase from the 2017 figure. Overall, from 2002 to 2024, the guideline value has increased by 953%. The register has no figures for the years 2012 and 2023 for this street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value of Sabapathy Street / Thiru Nagar is below this median.

• Sabapathy Street, Nehru Nagar: Rs 1,980 per sq.ft (2024)
• Sabapathy Street / Lord Srinivasa Street: Rs 1,980 per sq.ft (2024)
• Sabapathy Nagar (4th Street): Rs 1,980 per sq.ft (2024)
• Sabapathy Nagar (3rd Street): Rs 1,980 per sq.ft (2024)
• Sabapathy Nagar (2nd Street): Rs 1,980 per sq.ft (2024)
• Sabapathy Nagar (1st Street): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Sabapathy Street / Thiru Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sabapathy Street / Thiru Nagar?

The Sub Registrar Office that covers Sabapathy Street / Thiru Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the sale process.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sabapathy Street / Thiru Nagar?

The current guideline value of Sabapathy Street / Thiru Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 188 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 953% over this period.

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

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles the registration for Sabapathy Street / Thiru Nagar?

The Pammal Sub Registrar Office handles the registration for properties in Sabapathy Street / Thiru Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there other streets with the same guideline value in Pammal?

Yes, there are several other streets in Pammal that share the same guideline value of Rs 1,980 per sq.ft, including Sabapathy Street, Nehru Nagar and various streets in Sabapathy Nagar.