Guideline Value for Sabari Nagar Iind Lane

Sabari Nagar Iind Lane guideline value

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

How the guideline value of Sabari Nagar Iind Lane has changed

Over the years, the guideline value for Sabari Nagar Iind Lane has seen several revisions. The earliest recorded figure is from 2012, where the value was Rs 3,200 per sq.ft. This was followed by a decrease to Rs 2,144 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 3,200 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 3,520 per sq.ft, reflecting a 10% increase 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, there are 530 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value in this area is Rs 3,960 per sq.ft, indicating that Sabari Nagar Iind Lane's 2024 figure is below this median.

• Sabari Nagar IIIrd Street: 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 Vth Street: 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 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 cost for these fees to Rs 3,16,800. It’s important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sabari Nagar Iind Lane?

The Sub Registrar Office that covers Sabari Nagar Iind 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 is a crucial factor in the registration of property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any legal issues during the sale process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that both the government and the parties involved in the transaction are protected and that the property is accurately valued for tax purposes.

Frequently asked questions

What is the current guideline value of Sabari Nagar Iind Lane?

The current guideline value of Sabari Nagar Iind 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 increased 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 of Sabari Nagar Iind Lane?

Sabari Nagar Iind Lane is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sabari Nagar Iind Lane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated in Porur?

Stamp duty and registration fees in Porur are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the property is accurately valued for tax purposes during the registration process.