Guideline Value for Sabri Nagar Ist Cross Street

Sabri Nagar Ist Cross Street guideline value

The current guideline value of Sabri Nagar Ist 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 Ist Cross Street has changed

The guideline value for Sabri Nagar Ist Cross Street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 511 per sq.ft. This increased to Rs 566 per sq.ft in 2003, marking a rise of 11%. The value then rose significantly to Rs 1,000 per sq.ft in 2007, a change of 77%. In 2012, the value was recorded again at Rs 3,200 per sq.ft, reflecting a substantial increase of 220%. However, this figure dropped to Rs 2,144 per sq.ft in 2017, which was a decrease of 33%. The value then increased to Rs 3,200 per sq.ft in 2023, followed by a further rise to 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%. There are no figures available for the revisions of the years not mentioned in the register for this specific street.

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. The median guideline value for these streets is Rs 3,960 per sq.ft, placing Sabri Nagar Ist Cross Street's 2024 figure below that median.

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

For a 1,000 sq.ft plot at the current guideline value, 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. Together, the total cost for these 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sabri Nagar Ist Cross Street?

The Sub Registrar Office that covers Sabri Nagar Ist 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 plays a crucial role in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When a property is registered, the applicable stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Sabri Nagar Ist 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 an overall increase of 589% over the years.

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

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

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sabri Nagar Ist Cross Street is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the stamp duty and registration fees for property transactions?

For a property valued at the current guideline value of Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.