Guideline Value for SUBAM AVENUE PHASE-I

Subam Avenue Phase-I guideline value

The current guideline value for Subam Avenue Phase-I is Rs 2,860 per sq.ft. 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-I has changed

The guideline value for Subam Avenue Phase-I has seen several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 2,600 per sq.ft, and in the 2024 revision, it increased to Rs 2,860 per sq.ft, reflecting a change of +10%.

In summary, the guideline value has risen from Rs 2,600 per sq.ft in 2023 to Rs 2,860 per sq.ft in 2024. This increase positions the current value above the median guideline value for Kunrathour-B streets.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, making the value of Subam Avenue Phase-I above this median.

• Subam Avenue Phase-II: 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-I

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value would be Rs 28,60,000. The stamp duty at 7% would amount to Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, leading to a total of Rs 2,57,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subam Avenue Phase-I?

The Sub Registrar Office covering Subam Avenue Phase-I 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 Kunrathour-B

The guideline value is a critical factor in property transactions in Kunrathour-B. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is documented at a fair value as per the local regulations. This helps maintain transparency in property dealings and ensures compliance with state laws.

Frequently asked questions

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

The current guideline value of Subam Avenue Phase-I is Rs 2,860 per sq.ft as per the 2024 revision.

How much has the guideline value changed recently?

The guideline value increased from Rs 2,600 per sq.ft in 2023 to Rs 2,860 per sq.ft in 2024, which is a change of +10%.

What is the median guideline value for streets in Kunrathour-B?

The median guideline value for streets in Kunrathour-B is Rs 1,540 per sq.ft, with Subam Avenue Phase-I's value being above this median.

What are the stamp duty and registration fees for a property in Subam Avenue Phase-I?

For a 1,000 sq.ft plot, the total guideline value is Rs 28,60,000, leading to a stamp duty of Rs 2,00,200 and a registration fee of Rs 57,200, totaling Rs 2,57,400.

Where can I find the Sub Registrar Office for Subam Avenue Phase-I?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details by following the provided link.