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Guideline Value

Corporate

Guideline Value for Sabari Nagar 1st Street Lane

₹3520/sq.ft.

The guideline value for Sabari Nagar 1st Street Lane in Porur village (Kunrathur SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sabari Nagar 1st Street Lane

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Sabari Nagar 1st Street Lane guideline value

The current guideline value of Sabari Nagar 1st Street Lane is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Sabari Nagar 1st Street Lane has changed

The guideline value for Sabari Nagar 1st Street Lane has seen several revisions over the years. The earliest recorded value is from 2012, which was Rs 3,200 per sq.ft. This was followed by a decrease to Rs 2,144 per sq.ft in 2017. The 2023 revision saw an increase to Rs 3,200 per sq.ft, and the most recent 2024 revision has set the value at Rs 3,520 per sq.ft, reflecting a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, comparing the 2012 and 2024 figures, there is a modest increase of 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft, with the median being Rs 3,960 per sq.ft. The guideline value of Rs 3,520 per sq.ft for Sabari Nagar 1st Street Lane is below this median.

Stamp duty and registration fee for property in Sabari Nagar 1st Street Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sabari Nagar 1st Street Lane?

The Sub Registrar Office that covers Sabari Nagar 1st Street Lane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Porur. It serves as the minimum value against which stamp duty and registration fees are calculated, ensuring that the state receives its due revenue from property transactions.

When buying or selling property, the guideline value helps in determining the official value of the property, which can influence the sale price and the associated costs. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sabari Nagar 1st Street Lane?

The current guideline value of Sabari Nagar 1st Street Lane is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then back to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the land classification for Sabari Nagar 1st Street Lane?

Sabari Nagar 1st Street Lane is classified as Residential Special Type - II.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 35,20,000, the stamp duty at 7% is Rs 2,46,400, and the registration fee at 2% is Rs 70,400, totaling Rs 3,16,800.

Which office handles registrations for properties in Sabari Nagar 1st Street Lane?

The Kunrathur Sub Registrar Office handles registrations for properties in Sabari Nagar 1st Street Lane, located at No.59, Road Street, Kundrathur, Chennai -600 069.