Guideline Value for Sabari Nagar(Sabari Iyappan nagar)

Sabari Nagar(Sabari Iyappan nagar) guideline value

The current guideline value of Sabari Nagar (Sabari Iyappan Nagar) is Rs 1,003 per sq.ft, effective from 1 July 2024. This area falls under Menambedu village and is classified as Residential Class V Type - II. The relevant Sub Registrar Office for this location is the Ambattur SRO.

How the guideline value of Sabari Nagar(Sabari Iyappan nagar) has changed

The guideline value for Sabari Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft, which increased to Rs 402 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 1,000 per sq.ft, marking an increase of 149%. The latest revision in 2024 set the guideline value at Rs 1,003 per sq.ft, reflecting no change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 67%.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value is Rs 1,003 per sq.ft, which is equal to the current value of Sabari Nagar.

• Sangampalli Street: Rs 1,001 per sq.ft (2024)
• Santhi Street: Rs 1,000 per sq.ft (2024)
• Sasthiri Street: Rs 1,300 per sq.ft (2024)
• Sathia Narayana Street (7th Ward): Rs 1,700 per sq.ft (2024)
• Ramakrishnan Street: Rs 1,001 per sq.ft (2024)
• Ramakrishnan Avenue: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Sabari Nagar(Sabari Iyappan nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,003 per sq.ft, the total guideline value would be Rs 10,03,000. The stamp duty at 7% would be Rs 70,210, and the registration fee at 2% would be Rs 20,060, bringing the total to Rs 90,270. Please note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sabari Nagar(Sabari Iyappan nagar)?

The Sub Registrar Office that covers Sabari Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Menambedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is registered, the authorities will use the guideline value to calculate the applicable fees. Buyers should ensure they are aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sabari Nagar?

The current guideline value of Sabari Nagar (Sabari Iyappan Nagar) is Rs 1,003 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 1,003 per sq.ft in 2024, marking an overall increase of 67%.

What are the stamp duty and registration fees for property in Sabari Nagar?

For a property valued at Rs 10,03,000, the stamp duty would be Rs 70,210 and the registration fee would be Rs 20,060, totaling Rs 90,270.

Which Sub Registrar Office covers Sabari Nagar?

The Ambattur Sub Registrar Office covers Sabari Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Sabari Nagar?

Sabari Nagar is classified as Residential Class V Type - II, which is important for determining the guideline value.