Guideline Value for Sabari Nagar IIIrd Street

Sabari Nagar IIIrd Street guideline value

The current guideline value of Sabari Nagar IIIrd Street 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 IIIrd Street has changed

Over the years, the guideline value of Sabari Nagar IIIrd Street has seen several revisions. The 2012 revision recorded a guideline value of Rs 3,200 per sq.ft, which then decreased to Rs 2,144 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 3,200 per sq.ft. The latest 2024 revision has further increased the value to Rs 3,520 per sq.ft, marking a 10% rise from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Porur

In Porur village, 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 a median value of Rs 3,960 per sq.ft. The guideline value of Sabari Nagar IIIrd Street is below this median.

• Sabari Nagar Iind Lane: Rs 3,520 per sq.ft (2024)
• Sabari Nagar IInd Street: Rs 3,520 per sq.ft (2024)
• Sabari Nagar Ivth Street: Rs 3,520 per sq.ft (2024)
• Sabari Nagar 1st Street Lane: Rs 3,520 per sq.ft (2024)
• Sabari Nagar 1st Lane: Rs 3,520 per sq.ft (2024)
• Sabari Nagar Vth Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Sabari Nagar IIIrd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be 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, making the total charges Rs 3,16,800. 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 information.

Which Sub Registrar Office covers Sabari Nagar IIIrd Street?

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

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

The guideline value is a crucial factor during property transactions in Porur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures that both parties are aware of the minimum value at which the property can be registered. This helps in maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Sabari Nagar IIIrd Street?

The current guideline value of Sabari Nagar IIIrd Street 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 increased to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

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

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

Which office handles registrations for Sabari Nagar IIIrd Street?

The Kunrathur Sub Registrar Office handles registrations for Sabari Nagar IIIrd Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Sabari Nagar IIIrd Street?

Sabari Nagar IIIrd Street is classified as Residential Special Type - II under the land classification guidelines.