Guideline Value for Kareem Subebar Street

Kareem Subebar Street guideline value

The current guideline value of Kareem Subebar Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Kareem Subebar Street has changed

Over the years, the guideline value of Kareem Subebar Street has seen several revisions. The 2012 revision set the guideline value at Rs 6,000 per sq.ft, which was a decrease of 33% from Rs 4,020 per sq.ft in the 2017 revision. The subsequent 2023 revision increased the value to Rs 6,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 6,600 per sq.ft, marking a 10% increase from the previous year.

In terms of overall changes, from 2012 to 2024, the guideline value has increased by 10%. The 2017 revision did not have a figure for Kareem Subebar Street, nor did the revisions for the years 2002, 2003, and 2007.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, which is equal to the guideline value of Kareem Subebar Street.

• Kareem Subedar Lane: Rs 5,500 per sq.ft (2024)
• Kareem Mohideen Saheb Street: Rs 5,500 per sq.ft (2024)
• Kareem Mohideen Saheb 8th Street: Rs 5,500 per sq.ft (2024)
• Kareem Mohideen Saheb 7th Street: Rs 5,500 per sq.ft (2024)
• Kareem Mohideen Saheb 6th Street: Rs 5,500 per sq.ft (2024)
• Kareem Mohideen Saheb 5th Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kareem Subebar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total cost for these fees Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kareem Subebar Street?

Kareem Subebar Street is covered by the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay stamp duty 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 Kareem Subebar Street?

The current guideline value of Kareem Subebar Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2023 to Rs 6,600 per sq.ft in 2024, reflecting a 10% increase. The value was Rs 4,020 per sq.ft in 2017 and Rs 6,000 per sq.ft in 2012, showing various changes over the years.

What are the stamp duty and registration fees for property in Kareem Subebar Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 4,62,000, and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Kareem Subebar Street?

The Triplicane Sub Registrar Office handles the registration for Kareem Subebar Street. It is located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014.

What is the land classification for Kareem Subebar Street?

Kareem Subebar Street is classified as Residential Class I Type - I. This classification is important for determining the guideline value and other regulatory aspects of property transactions in the area.