Guideline Value for SUBASHREE NAGAR EXTENSION

Subashree Nagar Extension guideline value

The current guideline value of Subashree Nagar Extension is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Atanancheri village and falls under the Gooduvancheri SRO. The land classification for this street is Commercial Class I Type - II.

How the guideline value of Subashree Nagar Extension has changed

Over the years, the guideline value for Subashree Nagar Extension has seen several revisions. The 2017 revision set the value at Rs 670 per sq.ft, which remained unchanged in the 2023 revision. The current 2024 revision has increased the guideline value to Rs 1,000 per sq.ft, marking a 49% increase from the 2017 value.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The guideline value remained at Rs 1,000 per sq.ft from 2023 to 2024, indicating no change during that period.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft, with a median value of Rs 700 per sq.ft. Subashree Nagar Extension's guideline value is above this median.

• Subashree Nagar: Rs 670 per sq.ft (2024)
• Sri Vari Nagar: Rs 600 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 500 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 800 per sq.ft (2024)
• Sri Ranganathar Nagar: Rs 800 per sq.ft (2024)
• Thangavel Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Subashree Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty is charged at 7%, resulting in Rs 70,000, and the registration fee at 2% amounts to Rs 20,000. Together, the total cost for stamp duty and registration fee is Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subashree Nagar Extension?

The Sub Registrar Office that covers Subashree Nagar Extension is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Atanancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the guideline value is used to ensure that the transaction is recorded at a fair price, and it helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Subashree Nagar Extension?

The current guideline value of Subashree Nagar Extension is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2024, marking a 49% increase. There were no changes in the guideline value from 2023 to 2024.

What is the land classification for Subashree Nagar Extension?

The land classification for Subashree Nagar Extension is Commercial Class I Type - II. This classification can affect the types of development allowed in the area.

Where can I find information about stamp duty and registration fees?

Information about stamp duty and registration fees can be found using the stamp duty and registration fee calculator.

Which office handles registrations for Subashree Nagar Extension?

The Gooduvancheri Sub Registrar Office handles registrations for Subashree Nagar Extension, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.