Guideline Value

Corporate

Guideline Value for Sabari Nagar

₹1400/sq.ft.

The guideline value for Sabari Nagar in Kathirvedu village (Ambattur SRO, Chennai zone) is Rs 1400 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kathirvedu

Village

Ambattur

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1400 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹75 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹62 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sabari Nagar

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Sabari Nagar guideline value

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

How the guideline value of Sabari Nagar has changed

The guideline value for Sabari Nagar has seen significant changes over the years. In 2002, the value was Rs 62 per sq.ft, which increased to Rs 75 per sq.ft in 2003, marking a 21% rise. By 2007, the value jumped to Rs 300 per sq.ft, reflecting a substantial increase of 300%. The 2012 revision saw a decrease to Rs 1,300 per sq.ft, a drop of 333%. However, the value rebounded to Rs 871 per sq.ft in 2017, which was a 49% increase from the previous revision. The 2023 revision set the value at Rs 1,300 per sq.ft, before reaching the current value of Rs 1,400 per sq.ft in 2024, an 8% increase.

There are no figures available for the revisions in years other than those mentioned. Overall, from 2002 to 2024, the guideline value has increased by 2158%.

Guideline values in Kathirvedu

In Kathirvedu, there are 78 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value for Sabari Nagar is below this median.

Stamp duty and registration fee for property in Sabari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. 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 more details.

Which Sub Registrar Office covers Sabari Nagar?

Sabari Nagar falls under 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 further information.

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

The guideline value is a crucial factor in property transactions in Kathirvedu, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it directly influences the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value serves as a benchmark for calculating the stamp duty. It ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values for different areas.

Frequently asked questions

What is the current guideline value of Sabari Nagar?

The current guideline value of Sabari Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 62 per sq.ft in 2002 to Rs 1,400 per sq.ft in 2024, reflecting an overall increase of 2158% over this period.

What is the land classification of Sabari Nagar?

Sabari Nagar is classified as Residential Class III Type - I, which indicates its designation for residential purposes.

What are the stamp duty rates for property in Sabari Nagar?

The stamp duty for property in Sabari Nagar is charged at 7% of the guideline value, while the registration fee is 2% of the guideline value.

Where is the Sub Registrar Office for Sabari Nagar located?

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