Guideline Value for Sabari Nagar

Sabari Nagar guideline value

The current guideline value of Sabari Nagar, located in Irunkattukottai village under the Sriperumpudur SRO, is Rs 400 per sq.ft. The land classification for this area is Residential Class III Type - I.

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 400 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision saw a significant increase to Rs 268 per sq.ft, marking a 49% increase by the 2023 revision, which maintained the value at Rs 400 per sq.ft. The current 2024 revision also holds the value steady at Rs 400 per sq.ft, reflecting no change from the previous year.

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 remained unchanged at Rs 400 per sq.ft.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,250 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Sabari Nagar aligns with this median.

• Sakthi Nagar: Rs 250 per sq.ft (2024)
• Sankar Nagar: Rs 250 per sq.ft (2024)
• Saran Singh Street: Rs 400 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 400 per sq.ft (2024)
• Rajalaxmi Nagar: Rs 400 per sq.ft (2024)
• Rajaji Street: 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 guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sabari Nagar?

The Sub Registrar Office that covers Sabari Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Irunkattukottai, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations 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 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 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since 2012, with a notable increase from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the land classification for Sabari Nagar?

Sabari Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Where can I find the Sub Registrar Office for Sabari Nagar?

The Sub Registrar Office for Sabari Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.