Guideline Value for Sabri Nagar II nd Cross Street

Sabri Nagar II nd Cross Street guideline value

The current guideline value for Sabri Nagar II nd Cross Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village and falls under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Sabri Nagar II nd Cross Street has changed

The guideline value for Sabri Nagar II nd Cross Street has seen several revisions over the years. In 2002, the value was Rs 511 per sq.ft, which increased to Rs 566 per sq.ft in 2003. The following revision in 2007 saw a significant jump to Rs 1,000 per sq.ft, followed by a remarkable increase to Rs 3,200 per sq.ft in 2012. However, in 2017, the value decreased to Rs 2,144 per sq.ft. The value rose again to Rs 3,200 per sq.ft in 2023, and the latest revision in 2024 set the guideline value at Rs 3,520 per sq.ft.

In terms of percentage changes, from 2002 to 2024, the overall increase is 589%. The change from 2003 to 2007 was +77%, while the jump from 2007 to 2012 was +220%. The value then dropped by 33% from 2012 to 2017, followed by a 49% increase from 2017 to 2023, and finally, a 10% rise from 2023 to 2024. There are no figures available for any other years for this street.

Guideline values in Porur

In Porur, 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, with a median value of Rs 3,960 per sq.ft. The guideline value for Sabri Nagar II nd Cross Street is below this median.

• Sabri Nagar IIIrd 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 II nd 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 amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total cost for these fees to Rs 3,16,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sabri Nagar II nd Cross Street?

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

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

The guideline value is a crucial factor in the registration process for property transactions in Porur. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the official valuation set by the government. This helps maintain transparency in property dealings and ensures that the appropriate taxes are collected.

Frequently asked questions

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

The current guideline value of Sabri Nagar II nd 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 from Rs 511 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, reflecting a significant overall increase of 589% over this period.

What is the land classification for Sabri Nagar II nd Cross Street?

Sabri Nagar II nd Cross Street is classified as Residential Special Type - II.

Where can I find the registration office for Sabri Nagar II nd Cross Street?

The registration office for Sabri Nagar II nd Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 3,16,800.