Guideline Value for SUBATHRA NAGAR

Subathra Nagar guideline value

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

How the guideline value of Subathra Nagar has changed

The guideline value for Subathra Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft. This was followed by a significant increase in the 2023 revision, where the value rose to Rs 300 per sq.ft, marking a 49% increase. The most recent 2024 revision has further increased the guideline value to Rs 330 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vichoor_B

In Vichoor_B, there are 45 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft. The median guideline value for these streets is Rs 485 per sq.ft, placing Subathra Nagar's 2024 figure below this median.

• St. Thomas Nagar: Rs 485 per sq.ft (2024)
• Subramani Nagar: Rs 485 per sq.ft (2024)
• Sri Ramnagar Extn: Rs 485 per sq.ft (2024)
• Sri Ram Nagar: Rs 485 per sq.ft (2024)
• Sri Ram Ganapathi Nagar: Rs 485 per sq.ft (2024)
• Srinivasa Nagar: Rs 485 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, while the registration fee at 2% would be Rs 6,600. Together, the total cost for stamp duty and registration fee would be Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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 information.

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

When buying or selling property in Vichoor_B, the guideline value is a crucial factor as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the property transaction process.

The guideline value helps in ensuring that the property is registered at a fair value, reflecting the current market conditions. It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies 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 330 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the land classification for Subathra Nagar?

The land classification for Subathra Nagar is Residential Class I Type - III.

Where is the Sub Registrar Office for Subathra Nagar located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for property in Subathra Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 3,30,000, the stamp duty would be Rs 23,100.