Guideline Value for Sabari Nagar

Sabari Nagar guideline value

The current guideline value of Sabari Nagar, located in Porur village under the Kunrathur SRO, is Rs 6,380 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Sabari Nagar has changed

The guideline value for Sabari Nagar has undergone several revisions over the years. Starting from the 2003 revision, the guideline value was Rs 566 per sq.ft. This increased significantly to Rs 1,208 per sq.ft in 2007, marking a rise of 113%. The value then jumped to Rs 5,800 per sq.ft in 2012, representing a remarkable increase of 380%. However, in 2017, the value decreased to Rs 3,886 per sq.ft, showing a decline of 33%. The 2023 revision saw the value rise again to Rs 5,800 per sq.ft, and finally, the current value as of 2024 is Rs 6,380 per sq.ft, reflecting a 10% increase from the previous year.

There is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 1027%.

Guideline values in Porur

In Porur village, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value for these streets is Rs 3,960 per sq.ft, placing Sabari Nagar's 2024 figure above this median.

• Sabari Nagar 1st Lane: Rs 3,520 per sq.ft (2024)
• Sabari Nagar 1st Street Lane: Rs 3,520 per sq.ft (2024)
• Sabari Nagar IIIrd Street: Rs 3,520 per sq.ft (2024)
• Sabari Nagar Iind Lane: Rs 3,520 per sq.ft (2024)
• Sabari Nagar IInd Street: Rs 3,520 per sq.ft (2024)
• Sabari Nagar Ivth Street: Rs 3,520 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 6,380 per sq.ft, the total guideline value would be Rs 63,80,000. The stamp duty at 7% would amount to Rs 4,46,600, while the registration fee at 2% would be Rs 1,27,600. Therefore, the total cost for stamp duty and registration fee would be Rs 5,74,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sabari Nagar?

Sabari Nagar is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the buyer must pay the stamp duty based on the higher value between the guideline value and the sale price. 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 6,380 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 566 per sq.ft in 2003 to the current Rs 6,380 per sq.ft in 2024, marking an overall increase of 1027% over this period.

What is the median guideline value for streets in Porur?

The median guideline value for the 530 streets in Porur under the Kunrathur SRO is Rs 3,960 per sq.ft.

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

For a 1,000 sq.ft plot valued at Rs 6,380 per sq.ft, the total guideline value would be Rs 63,80,000, with stamp duty of Rs 4,46,600 and a registration fee of Rs 1,27,600, totaling Rs 5,74,200.

Which office handles property registrations for Sabari Nagar?

The Kunrathur Sub Registrar Office handles property registrations for Sabari Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.