Guideline Value for SUBASH CHANDRA BOSE ROAD

Subash Chandra Bose Road guideline value

The current guideline value of Subash Chandra Bose Road is Rs 3,800 per sq.ft, effective from 1 July 2024. This road is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - II.

How the guideline value of Subash Chandra Bose Road has changed

The guideline value for Subash Chandra Bose Road has seen significant changes over the years. In 2002, the value was Rs 420 per sq.ft, which increased to Rs 461 per sq.ft in 2003, marking a 10% rise. The value rose further to Rs 700 per sq.ft in 2007, a significant increase of 52%. By 2017, the guideline value reached Rs 2,345 per sq.ft, representing a 235% increase from 2007. The 2023 revision set the value at Rs 3,500 per sq.ft, reflecting a 49% increase from 2017. The most recent revision in 2024 established the current value at Rs 3,800 per sq.ft, which is a 9% increase from the previous year.

It is important to note that there is no figure available for the year 2012 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 805%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Subash Chandra Bose Road is above this median.

• Subbaraya Mudali Street: Rs 4,300 per sq.ft (2024)
• Stephenson Road: Rs 4,300 per sq.ft (2024)
• Stephenson Lane: Rs 4,300 per sq.ft (2024)
• Stephenson 1st Street: Rs 4,300 per sq.ft (2024)
• Subramaniam Koil Street: Rs 4,300 per sq.ft (2024)
• Subramaniam Lane: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Subash Chandra Bose Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees to Rs 3,42,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Subash Chandra Bose Road?

The Sub Registrar Office that covers Subash Chandra Bose Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Perambur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. The guideline value ensures that the transaction is recorded accurately and fairly in the official registry.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Subash Chandra Bose Road?

The current guideline value of Subash Chandra Bose Road is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 420 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, which is an overall increase of 805%.

What is the land classification for Subash Chandra Bose Road?

Subash Chandra Bose Road is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Subash Chandra Bose Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties on Subash Chandra Bose Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 at 7%.