Guideline Value for Sabri Nagar IIIrd Cross Street

Sabri Nagar IIIrd Cross Street guideline value

The current guideline value of Sabri Nagar IIIrd Cross Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, with a land classification of Residential Special Type - II.

How the guideline value of Sabri Nagar IIIrd Cross Street has changed

The guideline value for Sabri Nagar IIIrd Cross Street has seen significant changes over the years. In 2002, the value was Rs 511 per sq.ft, which increased to Rs 566 per sq.ft in 2003, marking an increase of 11%. The value then rose to Rs 1,000 per sq.ft in 2007, reflecting a substantial increase of 77%. Following this, the value surged to Rs 3,200 per sq.ft in 2012, which was a remarkable increase of 220% from the previous revision.

However, this increase was followed by a decrease to Rs 2,144 per sq.ft in 2017, which represented a decline of 33%. The value then increased again to Rs 3,200 per sq.ft in 2023, before reaching the current value of Rs 3,520 per sq.ft in 2024, which is a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 589%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median value of Rs 3,960 per sq.ft. The guideline value for Sabri Nagar IIIrd Cross Street is below this median.

• Sabri Nagar II nd Cross Street: Rs 3,520 per sq.ft (2024)
• Sabri Nagar II nd Main Road: Rs 3,520 per sq.ft (2024)
• Sabri Nagar Ist Cross Street: Rs 3,520 per sq.ft (2024)
• Sabri Nagar Ist Main Road: Rs 6,380 per sq.ft (2024)
• Sabri Nagar IV th Cross Street: Rs 3,520 per sq.ft (2024)
• Sabri Nagar V th Cross Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Sabri Nagar IIIrd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, while the registration fee at 2% would be Rs 70,400. Together, the total cost for stamp duty and registration fee would be Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sabri Nagar IIIrd Cross Street?

The Sub Registrar Office that covers Sabri Nagar IIIrd Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is essential for calculating stamp duty and registration fees, which are mandatory during the registration process.

When a property is sold, the sale price cannot be lower than the guideline value. This ensures that the government receives the appropriate revenue from property transactions, as the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Sabri Nagar IIIrd Cross Street?

The current guideline value of Sabri Nagar IIIrd Cross Street is Rs 3,520 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 511 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 589% over this period.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost for these fees would be Rs 3,16,800.

Which office handles property registrations in Sabri Nagar IIIrd Cross Street?

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

What is the land classification for Sabri Nagar IIIrd Cross Street?

The land classification for Sabri Nagar IIIrd Cross Street is Residential Special Type - II, which is relevant for understanding the type of development permitted in the area.