Guideline Value for Sabri Nagar Ist Main Road

Sabri Nagar Ist Main Road guideline value

The current guideline value of Sabri Nagar Ist Main Road is Rs 6,380 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 Commercial Class I Type - I.

How the guideline value of Sabri Nagar Ist Main Road has changed

The guideline value for Sabri Nagar Ist Main Road has seen significant changes over the years. In 2002, the guideline value was Rs 511 per sq.ft. This increased to Rs 566 per sq.ft in 2003, marking an 11% rise. The value further increased to Rs 1,000 per sq.ft in 2007, representing a 77% increase from the previous revision. By 2012, the guideline value jumped to Rs 3,200 per sq.ft, reflecting a substantial 220% increase from 2007.

The most recent revision in 2024 set the guideline value at Rs 6,380 per sq.ft, which is a 99% increase from the 2012 figure. Overall, from 2002 to 2024, the guideline value has increased by 1149%. It is important to note that there are no figures available for the years 2017 and 2023 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. The median guideline value for these streets is Rs 3,960 per sq.ft, placing Sabri Nagar Ist Main Road's 2024 figure above this median.

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

Stamp duty and registration fee for property in Sabri Nagar Ist Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,380 per sq.ft, the total guideline value amounts to Rs 63,80,000. The stamp duty at 7% would be Rs 4,46,600, and the registration fee at 2% would be Rs 1,27,600, bringing the total fees to Rs 5,74,200. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sabri Nagar Ist Main Road?

The Sub Registrar Office that covers Sabri Nagar Ist Main Road 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 when buying or selling property in Porur, as it determines the minimum value at which a property can be registered. It is used to calculate stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are recorded accurately and that the property is valued fairly according to the established guidelines.

Frequently asked questions

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

The current guideline value of Sabri Nagar Ist Main Road is Rs 6,380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 511 per sq.ft in 2002 to Rs 6,380 per sq.ft in 2024, which is an overall increase of 1149%.

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

For a property valued at Rs 63,80,000, the stamp duty would be Rs 4,46,600 and the registration fee would be Rs 1,27,600, totaling Rs 5,74,200.

Which office handles registrations for Sabri Nagar Ist Main Road?

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

Are there other streets in Porur with guideline values?

Yes, there are other streets in Porur under the Kunrathur SRO, with guideline values ranging from Rs 2,860 to Rs 6,380 per sq.ft. Sabri Nagar Ist Main Road's value is above the median of Rs 3,960 per sq.ft.