Guideline Value for Sabari Nagar IInd Street

Sabari Nagar IInd Street guideline value

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

The guideline value for Sabari Nagar IInd Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 3,200 per sq.ft. This figure decreased to Rs 2,144 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, rising to Rs 3,200 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 3,520 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Porur

Within Porur, there are 530 streets under the Kunrathur SRO that carry a guideline value for 2024, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, indicating that the 2024 figure for Sabari Nagar IInd Street is below this median.

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

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

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. Together, these fees amount 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sabari Nagar IInd Street?

The Sub Registrar Office that covers Sabari Nagar IInd Street 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 in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the property transfer process.

Frequently asked questions

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

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

What are the other streets in Porur with the same guideline value?

Other streets in Porur, such as Sabari Nagar Iind Lane, Sabari Nagar Ivth Street, Sabari Nagar IIIrd Street, Sabari Nagar Vth Street, Sabari Nagar 1st Street Lane, and Sabari Nagar 1st Lane, also have a guideline value of Rs 3,520 per sq.ft for 2024.

What is the registration office for Sabari Nagar IInd Street?

The Kunrathur Sub Registrar Office covers Sabari Nagar IInd Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Sabari Nagar IInd Street?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 2,46,400.