Guideline Value for Sri Subam Nagar

Sri Subam Nagar guideline value

The current guideline value of Sri Subam Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village under the Konnur SRO, classified as Residential Special Type - I.

How the guideline value of Sri Subam Nagar has changed

Since the 2017 revision, the guideline value has seen significant increases. The 2017 revision set the value at Rs 2,680 per sq.ft, which rose to Rs 4,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 has further increased the value to Rs 4,400 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO with a 2024 guideline value range from Rs 1,100 to Rs 7,650 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Sri Subam Nagar's 2024 figure above this median.

• Sri Vengateshwarar Nagar: Rs 1,300 per sq.ft (2024)
• Sri Jeyaraj Nagar(Chelliamman Nagar Extension): Rs 3,500 per sq.ft (2024)
• Sri Ganesh Street: Rs 2,200 per sq.ft (2024)
• Tamilnadu small scale Industries Owners Assn. Layout: Rs 3,601 per sq.ft (2024)
• Thamarabarani Street(ICF): Rs 2,400 per sq.ft (2024)
• Thamarai Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Subam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. 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 Sri Subam Nagar?

Sri Subam Nagar falls under the Konnur Sub Registrar Office. The office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial factor during the registration of property transactions in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the official value assigned to the property.

When buying or selling property, the guideline value helps in establishing a clear and transparent process. It ensures that the transaction is recorded accurately and that the appropriate fees are collected based on the established rates.

Frequently asked questions

What is the current guideline value of Sri Subam Nagar?

The current guideline value of Sri Subam Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, marking a total increase of 64% over these years.

What is the land classification for Sri Subam Nagar?

Sri Subam Nagar is classified as Residential Special Type - I under the Konnur SRO.

What are the stamp duty and registration fees for property in Sri Subam Nagar?

For a 1,000 sq.ft plot, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000 based on the current guideline value.

Which office handles registrations for Sri Subam Nagar?

The Konnur Sub Registrar Office handles registrations for Sri Subam Nagar, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.