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Guideline Value

Corporate

Guideline Value for Sabri Nagar IV th Cross Street

₹3520/sq.ft.

The guideline value for Sabri Nagar Iv Th Cross Street in Porur village (Kunrathur SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹566 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹511 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sabri Nagar Iv Th Cross Street

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Sabri Nagar IV th Cross Street guideline value

The current guideline value of Sabri Nagar IV th 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. The land classification for this area is Residential Special Type - II.

How the guideline value of Sabri Nagar IV th Cross Street has changed

The guideline value for Sabri Nagar IV th 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. Following this, there was a significant rise to Rs 1,000 per sq.ft in 2007. The value continued to grow, reaching Rs 3,200 per sq.ft in 2012. However, it decreased to Rs 2,144 per sq.ft in 2017. The value then increased significantly to Rs 3,200 per sq.ft in 2023, before reaching the current rate of Rs 3,520 per sq.ft in 2024.

Between the revisions, the most notable changes include a 220% increase from 2007 to 2012 and a 49% increase from 2017 to 2023. The most recent change from 2023 to 2024 reflects 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 carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, placing the guideline value of Sabri Nagar IV th Cross Street below this median.

Stamp duty and registration fee for property in Sabri Nagar IV th 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, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sabri Nagar IV th Cross Street?

The Sub Registrar Office that covers Sabri Nagar IV th 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 property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, the guideline value ensures that the government receives the appropriate revenue from property transactions. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration of their property.

Frequently asked questions

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

The current guideline value of Sabri Nagar IV th 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%.

What is the registration office for Sabri Nagar IV th Cross Street?

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

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current rate, the total cost would be Rs 3,16,800.

How does the guideline value affect property transactions?

The guideline value is used as a benchmark for property registration, ensuring that the appropriate stamp duty and registration fees are calculated. It is essential for buyers and sellers to be aware of the current guideline value to facilitate a smooth registration process.