Guideline Value for Sabapathy Street, Nehru Nagar

Sabapathy Street, Nehru Nagar guideline value

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

How the guideline value of Sabapathy Street, Nehru Nagar has changed

The guideline value for Sabapathy Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, a significant increase from the 2017 revision, which was Rs 1,206 per sq.ft. This represents a change of +64% between the 2017 and 2024 revisions. It is important to note that there are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has seen a considerable rise from the 2017 figure to the current value in 2024. The earlier revisions do not provide specific values for Sabapathy Street, highlighting the significant change in property valuation over this period.

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, Nehru Nagar at Rs 1,980 per sq.ft is below this median.

• Sabapathy Street / Lord Srinivasa Street: Rs 1,980 per sq.ft (2024)
• Sabapathy Street / Thiru Nagar: 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, Nehru Nagar

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

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sabapathy Street, Nehru Nagar?

The Sub Registrar Office that covers Sabapathy Street, Nehru 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Pammal. When you buy or sell property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Additionally, the guideline value serves as a benchmark for property valuation, helping buyers and sellers understand the worth of a property in the area. It is essential to be aware of these values to make informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Sabapathy Street, Nehru Nagar?

The current guideline value of Sabapathy Street, Nehru 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 changed significantly from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, representing an increase of +64%.

Are there any years with no guideline value for this street?

Yes, the guideline value register has no figures for Sabapathy Street for the years 2023, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for property in Sabapathy Street?

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 Sub Registrar Office covers the area of Sabapathy Street, Nehru Nagar?

The Pammal Sub Registrar Office covers Sabapathy Street, Nehru Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.