Guideline Value for SUBASHINI AVENUE (KALLIKUPPAM)

Subashini Avenue (Kallikuppam) guideline value

The current guideline value of Subashini Avenue (Kallikuppam) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the Villivakkam SRO. The land classification for this area is Residential Class III Type - III.

How the guideline value of Subashini Avenue (Kallikuppam) has changed

The guideline value for Subashini Avenue (Kallikuppam) has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision, representing a decline of 33%. However, the value increased significantly to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 7%.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,200 per sq.ft, with a median value of Rs 2,500 per sq.ft. The guideline value of Subashini Avenue (Kallikuppam) is below this median.

• Subbulakshmi Nagar: Rs 2,100 per sq.ft (2024)
• SUBBULAKSHMI NAGAR 1st STREET: Rs 2,100 per sq.ft (2024)
• SUBBULAKSHMI NAGAR 2nd STREET: Rs 2,100 per sq.ft (2024)
• Station Road (Station To North Township School): Rs 3,300 per sq.ft (2024)
• SUBBULAKSHMI NAGAR 3rd STREET: Rs 2,100 per sq.ft (2024)
• Station Road (Korattur Bus Terminus To Railway Station): Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Subashini Avenue (Kallikuppam)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value is Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is essential 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 Subashini Avenue (Kallikuppam)?

The Sub Registrar Office that covers Subashini Avenue (Kallikuppam) is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for further assistance.

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

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

When a buyer or seller engages in a transaction, the guideline value is referenced to ensure that the appropriate taxes are applied based on the property's value. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Subashini Avenue (Kallikuppam)?

The current guideline value of Subashini Avenue (Kallikuppam) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification for Subashini Avenue (Kallikuppam)?

The land classification for Subashini Avenue (Kallikuppam) is Residential Class III Type - III.

Where can I find the Villivakkam Sub Registrar Office?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office.

How is stamp duty calculated for properties in Korattur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 16,00,000, the stamp duty would be Rs 1,12,000 at a rate of 7%.