Guideline Value for Sabari Nagar

Sabari Nagar guideline value

The current guideline value of Sabari Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Irunkattukottai_B village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Sabari Nagar has changed

The guideline value for Sabari Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 400 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 268 per sq.ft. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a 49% increase, with the current value aligning with the median guideline value of Rs 400 per sq.ft for streets in Irunkattukottai_B.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft. Sabari Nagar's 2024 guideline value of Rs 400 per sq.ft is equal to the median value of this range.

• 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% is Rs 28,000, and the registration fee at 2% is Rs 8,000, making the total cost for these fees Rs 36,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Sabari Nagar?

Sabari Nagar falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Irunkattukottai_B. It establishes a baseline for the value of the property, which is used to calculate stamp duty and registration fees during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

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 much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 49%, from Rs 268 per sq.ft to Rs 400 per sq.ft in 2024.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a property valued at Rs 4,00,000, the total fees amount to Rs 36,000.

Which office do I need to visit for property registration in Sabari Nagar?

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

How do I calculate the total fees for property registration?

Total fees for property registration can be calculated by using the guideline value to determine the stamp duty and registration fees. You can use the stamp duty and registration fee calculator for precise calculations.