Guideline Value for SUBATHRA NAGAR

Subathra Nagar guideline value

The current guideline value of Subathra Nagar, located in Vellivoyal village under the Thiruvottiyur SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Subathra Nagar has changed

The guideline value for Subathra Nagar has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 201 per sq.ft. This figure increased significantly to Rs 300 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 saw the guideline value increase to Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Vellivoyal

In Vellivoyal, there are 23 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 715 per sq.ft, with a median value of Rs 440 per sq.ft. Subathra Nagar's current guideline value is below this median.

• Sri Sankara Vetrivel Garden: Rs 440 per sq.ft (2024)
• Sri Ram Nagar/Ext: Rs 440 per sq.ft (2024)
• Sri Krishna Nagar/Ext: Rs 440 per sq.ft (2024)
• Thekkan Colony: Rs 440 per sq.ft (2024)
• Thirumurthi Nagar: Rs 715 per sq.ft (2024)
• Thiruvadi Amman Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Subathra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty, charged at 7%, would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, leading to a total of Rs 29,700. 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 Subathra Nagar?

The Sub Registrar Office that covers Subathra Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vellivoyal. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official registers.

When a property is sold, the guideline value serves as a benchmark for the transaction price. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Subathra Nagar?

The current guideline value of Subathra Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then to Rs 330 per sq.ft in 2024. There are no recorded figures for the years 2002, 2003, 2007, and 2012.

What is the land classification for Subathra Nagar?

Subathra Nagar is classified as Residential Class II Type - I. This classification indicates the type of development and use permitted in the area.

What are the stamp duty and registration fees for Subathra Nagar?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 29,700.

Where can I find the Sub Registrar Office for Subathra Nagar?

The Sub Registrar Office for Subathra Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find more details online.