Guideline Value for SUBBARAYA NAGAR

Subbaraya Nagar guideline value

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

How the guideline value of Subbaraya Nagar has changed

The guideline value for Subbaraya Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft, 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 2024 revision also maintains this value at Rs 200 per sq.ft, resulting in no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant 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 is equal to this median.

• Subbaraya Nagar Annex: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost for registration to Rs 18,000. 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 Subbaraya Nagar?

The Sub Registrar Office that covers Subbaraya Nagar 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 additional information.

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

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

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the government receives the appropriate revenue based on the property’s assessed value. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value for Subbaraya Nagar?

The current guideline value for Subbaraya Nagar 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 since 2012, with a decrease to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for properties in Subbaraya Nagar?

The total stamp duty and registration fees for a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft would amount to Rs 18,000.

Which office handles property registrations in Subbaraya Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations in Subbaraya Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification of Subbaraya Nagar?

Subbaraya Nagar falls under the Residential Class II Type - II land classification.