Guideline Value for Sabari Nagar

Sabari Nagar guideline value

The current guideline value of Sabari Nagar, located in Orathur village under the Gooduvancheri SRO, is Rs 500 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Sabari Nagar has changed

Over the years, the guideline value for Sabari Nagar has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 figure of Rs 335 per sq.ft was a decrease from the previous revision. The 2023 revision maintained the value at Rs 500 per sq.ft, which has also been retained in the 2024 revision, showing a 0% change between these two years. Notably, the register has no figure for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 500 per sq.ft.

Guideline values in Orathur

In Orathur village, there are 80 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft. The median value is Rs 500 per sq.ft, which is equal to the current guideline value of Sabari Nagar.

• Sakthi Nagar: Rs 500 per sq.ft (2024)
• Sarojini Nagr: Rs 500 per sq.ft (2024)
• Selvi Enclave: Rs 500 per sq.ft (2024)
• Shanmuga Nagar Phase-I: Rs 500 per sq.ft (2024)
• Shiridi Sai Nagar: Rs 600 per sq.ft (2024)
• Shri Shanmuga Nagr Phase-IV: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sabari Nagar

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sabari Nagar?

The Sabari Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To learn more about your specific office, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Orathur. It serves as a benchmark for determining the minimum value at which property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration 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 the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sabari Nagar?

The current guideline value of Sabari Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft in the 2023 and 2024 revisions. It decreased from Rs 500 in 2012 to Rs 335 in 2017, then increased back to Rs 500 by 2023.

What is the land classification for Sabari Nagar?

Sabari Nagar is classified as Residential Special Type - II, which indicates its suitability for residential development.

Which Sub Registrar Office should I visit for property transactions in Sabari Nagar?

The Gooduvancheri Sub Registrar Office covers Sabari Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated in Sabari Nagar?

Stamp duty in Sabari Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 500 per sq.ft would incur a total stamp duty and registration fee of Rs 45,000.