Guideline Value for SUBAM AVENUE PHASE-II

Subam Avenue Phase-II guideline value

The current guideline value of Subam Avenue Phase-II is Rs 2,860 per sq.ft, effective from 1 July 2024. This property is located in Kunrathour-B village under the Kunrathur SRO, classified as Commercial Class I Type - I.

How the guideline value of Subam Avenue Phase-II has changed

The guideline value for Subam Avenue Phase-II has undergone several revisions over the years. In 2017, the guideline value was Rs 1,550 per sq.ft. This figure increased significantly to Rs 2,600 per sq.ft in the 2023 revision, marking a change of 68%. The most recent revision in 2024 set the guideline value at Rs 2,860 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has risen by 85%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value in this area is Rs 1,540 per sq.ft, which means that the 2024 figure for Subam Avenue Phase-II is above this median.

• Subam Avenue Phase-I: Rs 2,860 per sq.ft (2024)
• Subasree Nagar: Rs 1,430 per sq.ft (2024)
• Subbarayan Nagar: Rs 1,430 per sq.ft (2024)
• Star City Annex: Rs 1,540 per sq.ft (2024)
• Subhiksham: Rs 1,810 per sq.ft (2024)
• Subramania Swamy Nagar: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Subam Avenue Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value amounts to Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, bringing the total fees to Rs 2,57,400. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Subam Avenue Phase-II?

The Sub Registrar Office that covers Subam Avenue Phase-II is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is an essential factor when registering property transactions in Kunrathour-B. It serves as a reference for determining the stamp duty and registration fees that need to be paid during the transaction process.

Frequently asked questions

What is the current guideline value of Subam Avenue Phase-II?

The current guideline value of Subam Avenue Phase-II is Rs 2,860 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,550 per sq.ft to Rs 2,860 per sq.ft in 2024, marking an overall increase of 85%.

What is the land classification for Subam Avenue Phase-II?

Subam Avenue Phase-II is classified as Commercial Class I Type - I.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the total fees would amount to Rs 2,57,400.