Guideline Value for Sabri Nagar II nd Main Road

Sabri Nagar II nd Main Road guideline value

The current guideline value of Sabri Nagar II nd Main Road is Rs 3,520 per sq.ft, effective from 1 July 2024. This road is located in Porur village, under the jurisdiction of the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Sabri Nagar II nd Main Road has changed

The guideline value for Sabri Nagar II nd Main Road 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. Following that, the value rose significantly to Rs 1,000 per sq.ft in 2007, and then saw a substantial increase to Rs 3,200 per sq.ft in 2012. However, it decreased to Rs 2,144 per sq.ft in 2017. In 2023, the value was Rs 3,200 per sq.ft, before reaching the current rate of Rs 3,520 per sq.ft in 2024.

In terms of changes, the guideline value increased by 10% from 2023 to 2024. The rise from 2017 to 2023 was 49%, while the value decreased by 33% from 2012 to 2017. The increase from 2007 to 2012 was 220%, and from 2003 to 2007, it rose by 77%. The value saw an increase of 11% from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 589%.

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, with a median value of Rs 3,960 per sq.ft. The guideline value for Sabri Nagar II nd Main Road is below this median.

• Sabri Nagar II nd Cross Street: Rs 3,520 per sq.ft (2024)
• Sabri Nagar Ist Cross Street: Rs 3,520 per sq.ft (2024)
• Sabri Nagar IIIrd 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 Main Road

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 fees would be Rs 3,16,800. It is important to note that 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 Sabri Nagar II nd Main Road?

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

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

The guideline value is a crucial factor during the registration of property transactions in Porur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Sabri Nagar II nd Main Road?

The current guideline value of Sabri Nagar II nd Main Road 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 property in Sabri Nagar II nd Main Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 35,20,000, with a stamp duty of Rs 2,46,400 and a registration fee of Rs 70,400, totaling Rs 3,16,800.

Which Sub Registrar Office covers Sabri Nagar II nd Main Road?

The Kunrathur Sub Registrar Office covers Sabri Nagar II nd Main Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Sabri Nagar II nd Main Road?

Sabri Nagar II nd Main Road is classified as Residential Special Type - II, indicating its suitability for residential purposes.