Guideline Value for SUBRAMANYAPURAM

Subramanyapuram guideline value

The current guideline value of Subramanyapuram is Rs 1,800 per sq.ft, effective from 1 July 2024. This village falls under the Kunrathur SRO and is classified as Residential Class III Type - II.

How the guideline value of Subramanyapuram has changed

In the 2017 revision, the guideline value for Subramanyapuram was Rs 1,642 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 1,642 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 1,800 per sq.ft, marking a 10% rise from the previous year.

Overall, from 2017 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-A

In Kunrathour-A, there are 45 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,210 to Rs 5,123 per sq.ft. The median guideline value for these streets is Rs 1,760 per sq.ft, making Subramanyapuram's 2024 figure of Rs 1,800 per sq.ft above the median.

• Sulochana Nagar: Rs 1,760 per sq.ft (2024)
• Sri Vijayalakshmi Garden @ Temple City: Rs 2,160 per sq.ft (2024)
• Sri Sakthi Amman Nagar Extension: Rs 3,025 per sq.ft (2024)
• Temple View Garden: Rs 1,800 per sq.ft (2024)
• The Temple Town: Rs 1,540 per sq.ft (2024)
• Sri Chakra Nagar: Rs 2,860 per sq.ft (2024)

Stamp duty and registration fee for property in Subramanyapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, making the total cost Rs 1,62,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subramanyapuram?

The Sub Registrar Office that covers Subramanyapuram is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-A

The guideline value is an essential factor during property transactions in Kunrathour-A, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. Therefore, understanding the guideline value is crucial for both buyers and sellers in the area.

Frequently asked questions

What is the current guideline value of Subramanyapuram?

The current guideline value of Subramanyapuram is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

From the 2017 revision to the 2023 revision, the guideline value remained at Rs 1,642 per sq.ft. However, in the 2024 revision, it increased to Rs 1,800 per sq.ft, reflecting a 10% rise from the previous year.

What is the land classification of Subramanyapuram?

Subramanyapuram is classified as Residential Class III Type - II, indicating its designation for residential development.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Subramanyapuram?

Stamp duty for properties in Subramanyapuram is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current rate, the total stamp duty would be Rs 1,26,000.