Guideline Value for Sabapathy Street

Sabapathy Street guideline value

The current guideline value of Sabapathy Street in Siruvallur village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the jurisdiction of the Sembiam SRO and is classified as Residential Class II Type - II.

How the guideline value of Sabapathy Street has changed

The guideline value for Sabapathy Street has undergone several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012, marking a 100% rise. However, it then decreased to Rs 1,340 per sq.ft in 2017, reflecting a 33% drop. The value saw a significant increase to Rs 2,000 per sq.ft in 2023, followed by a further rise to Rs 2,200 per sq.ft in 2024, which is a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Siruvallur

In Siruvallur, there are 86 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 6,600 per sq.ft, with a median value of Rs 1,900 per sq.ft. The guideline value of Sabapathy Street is above this median.

• Sadaiyappa Doss Street: Rs 2,200 per sq.ft (2024)
• Rangasaee Street: Rs 3,900 per sq.ft (2024)
• Rangasaee Naidu Lane: Rs 3,300 per sq.ft (2024)
• Rangasaee Naidu 1st Lane: Rs 3,300 per sq.ft (2024)
• Rangasaee Lane: Rs 3,300 per sq.ft (2024)
• Sangara Madam Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sabapathy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total of Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sabapathy Street?

The Sub Registrar Office that covers Sabapathy Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Siruvallur. When buying or selling a property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on an official valuation.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Sabapathy Street?

The current guideline value of Sabapathy Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

What are the other streets with similar guideline values in Siruvallur?

Other streets in Siruvallur with similar guideline values include Sadaiyappa Doss Street and Sangara Madam Street, both at Rs 2,200 per sq.ft in 2024.

What is the stamp duty rate for properties in Sabapathy Street?

The stamp duty rate for properties in Sabapathy Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sabapathy Street?

The Sub Registrar Office for Sabapathy Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.