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Guideline Value

Corporate

Guideline Value for Sabri Nagar V th Cross Street

₹3520/sq.ft.

The guideline value for Sabri Nagar V 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 V Th Cross Street

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Sabri Nagar V th Cross Street guideline value

The current guideline value of Sabri Nagar V th Cross Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, and the land classification is Residential Special Type - II.

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

The guideline value for Sabri Nagar V th Cross Street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 511 per sq.ft. This figure increased to Rs 566 per sq.ft in 2003, marking an 11% rise. The value continued to grow significantly, reaching Rs 1,000 per sq.ft in 2007, which was a 77% increase from the previous revision. In 2012, the value was Rs 3,200 per sq.ft, showing a substantial 220% increase from 2007. However, it dropped to Rs 2,144 per sq.ft in 2017, reflecting a decrease of 33%. The value then rose to Rs 3,200 per sq.ft in 2023, a 49% increase, before reaching the current value of Rs 3,520 per sq.ft in 2024, which is a 10% increase.

Notably, there are no figures in the register for revisions other than those mentioned for this street.

Guideline values in Porur

In total, there are 530 streets in Porur under the Kunrathur SRO, with guideline values 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 2024 figure for Sabri Nagar V th Cross Street below this median.

Stamp duty and registration fee for property in Sabri Nagar V 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 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 the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Sabri Nagar V 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 additional details.

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

The guideline value plays a crucial role in the registration process of property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is essential for calculating the applicable fees. Buyers must be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

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

The current guideline value of Sabri Nagar V 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 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 V th Cross Street?

The land classification for Sabri Nagar V th Cross Street is Residential Special Type - II.

Where can I find the registration office for Sabri Nagar V th Cross Street?

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

How is the stamp duty calculated for properties in Sabri Nagar V th Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 at 7%.