Guideline Value for Sabhapathi Nagar, Cross Street

Sabhapathi Nagar, Cross Street guideline value

The current guideline value for Sabhapathi Nagar, Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO with a land classification of Residential Class II Type - II.

How the guideline value of Sabhapathi Nagar, Cross Street has changed

According to the guideline value register, the most recent revision in 2024 set the value at Rs 1,980 per sq.ft, an increase from the 2017 revision which was Rs 1,206 per sq.ft. This represents a significant increase of 64% over the seven-year period.

It is important to note that there are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. The only recorded figures are from the 2017 and 2024 revisions.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as per the 2024 revision. The median guideline value in this area is Rs 2,090 per sq.ft, placing the guideline value of Sabhapathi Nagar, Cross Street below this median.

• Sabapathy Street / Thiru Nagar: Rs 1,980 per sq.ft (2024)
• Sabapathy Street, Nehru Nagar: Rs 1,980 per sq.ft (2024)
• Sabapathy Street / Lord Srinivasa Street: Rs 1,980 per sq.ft (2024)
• Sabapathy Nagar (4th Street): Rs 1,980 per sq.ft (2024)
• Sabapathy Nagar (3rd Street): Rs 1,980 per sq.ft (2024)
• Sabapathy Nagar (2nd Street): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Sabhapathi Nagar, Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total fees Rs 1,78,200. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Sabhapathi Nagar, Cross Street?

The Sub Registrar Office that covers Sabhapathi Nagar, Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. It is essential to consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sabhapathi Nagar, Cross Street?

The current guideline value of Sabhapathi Nagar, Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, representing a 64% increase over this period.

What is the land classification for Sabhapathi Nagar, Cross Street?

The land classification for Sabhapathi Nagar, Cross Street is Residential Class II Type - II.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where is the Sub Registrar Office located for this street?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.