Guideline Value for SREE SUBHA AMMAN NAGAR

Sree Subha Amman Nagar guideline value

The current guideline value of Sree Subha Amman Nagar is Rs 900 per sq.ft, effective from 1 July 2024. This area is located in Perungavur village, under the Redhills SRO, and is classified as Residential Special Type - III.

How the guideline value of Sree Subha Amman Nagar has changed

The guideline value for Sree Subha Amman Nagar has been consistent in recent revisions. The 2023 revision recorded a value of Rs 900 per sq.ft, which remains unchanged in the 2024 revision, also at Rs 900 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

This stability in the guideline value indicates that there has been no percentage change from 2023 to 2024, which is recorded as +0%. The consistency in the guideline value suggests a steady approach to property valuation in this locality.

Guideline values in Perungavur

In Perungavur, there are 79 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft, with the median value being Rs 275 per sq.ft. The guideline value of Sree Subha Amman Nagar is above this median, indicating a higher valuation compared to many other streets in the area.

• Sri Amman Nagar: Rs 220 per sq.ft (2024)
• Sri Ashtalakshmi Nagar: Rs 220 per sq.ft (2024)
• Sri Avenue: Rs 220 per sq.ft (2024)
• Sri Balaji Nagar: Rs 385 per sq.ft (2024)
• Sri Bhagawathi Nagar: Rs 275 per sq.ft (2024)
• Sri Dhanalakshmi Nagar Phase I: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Subha Amman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sree Subha Amman Nagar?

The Sub Registrar Office that covers Sree Subha Amman Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration process for property transactions in Perungavur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the valuation of the property. It is essential for buyers to be aware of this value to ensure they are paying a fair amount in taxes and fees during the registration process.

Frequently asked questions

What is the current guideline value of Sree Subha Amman Nagar?

The current guideline value of Sree Subha Amman Nagar is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 900 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Sree Subha Amman Nagar?

Sree Subha Amman Nagar is classified as Residential Special Type - III. This classification can influence the types of developments allowed in the area.

What is the stamp duty rate for property in Sree Subha Amman Nagar?

The stamp duty rate for property in Sree Subha Amman Nagar is 7% of the guideline value or sale price, whichever is higher. This is an important cost to consider when purchasing property.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. This office handles all registrations for properties in the area.