Guideline Value for SUBBARAYA NAGAR ANNEX

Subbaraya Nagar Annex guideline value

The current guideline value of Subbaraya Nagar Annex is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Venmanamputhur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Subbaraya Nagar Annex has changed

Looking at the historical revisions, the guideline value for Subbaraya Nagar Annex has seen several changes. In 2012, the value was set at Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The most recent revision in 2024 maintains this value at Rs 200 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Venmanamputhur

In Venmanamputhur, there are 54 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for Subbaraya Nagar Annex is equal to this median.

• Subbaraya Nagar: Rs 200 per sq.ft (2024)
• St.Marys Nagar: Rs 200 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 200 per sq.ft (2024)
• Suriya Nagar: Rs 250 per sq.ft (2024)
• Sri Sai Sakthi Nagar: Rs 200 per sq.ft (2024)
• Sri Ranga Natha Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Subbaraya Nagar Annex

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 details.

Which Sub Registrar Office covers Subbaraya Nagar Annex?

The Sub Registrar Office that covers Subbaraya Nagar Annex is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Venmanamputhur. It serves as a benchmark for determining the minimum value at which properties can be sold or bought, ensuring that transactions are conducted transparently and fairly.

When you buy or sell property, the guideline value will influence the stamp duty and registration fees you need to pay. This value is used by the registration office to calculate the applicable fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value for Subbaraya Nagar Annex?

The current guideline value for Subbaraya Nagar Annex is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a decrease to Rs 134 per sq.ft in 2017 and an increase back to Rs 200 per sq.ft in 2023.

What is the land classification for Subbaraya Nagar Annex?

The land classification for Subbaraya Nagar Annex is Residential Class II Type - II.

Where can I find the Sub Registrar Office for Subbaraya Nagar Annex?

The Sub Registrar Office for Subbaraya Nagar Annex is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the stamp duty calculated for properties in Subbaraya Nagar Annex?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.