Guideline Value for Sri Subramaniya Nagar

Sri Subramaniya Nagar guideline value

The current guideline value of Sri Subramaniya Nagar is Rs 1,000 per sq.ft, as per the 2023 revision. This area is located in Ponmar village and falls under the Gooduvancheri Sub Registrar Office. The land classification for this locality is Residential Special Type - II.

How the guideline value of Sri Subramaniya Nagar has changed

The guideline value for Sri Subramaniya Nagar has undergone several revisions over the years. In 2007, the guideline value was set at Rs 100 per sq.ft. This value saw a significant increase in the 2012 revision, where it rose to Rs 1,000 per sq.ft, marking a 900% increase. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, a drop of 33% from the previous revision. The most recent revision in 2023 brought the guideline value back up to Rs 1,000 per sq.ft, representing a 49% increase from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 900%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Ponmar

Currently, there are no specific village figures available for Ponmar. Sri Subramaniya Nagar is one of the residential areas in Ponmar under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sri Subramaniya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty is charged at 7%, which totals Rs 70,000, and the registration fee is charged at 2%, amounting to Rs 20,000. Together, the total cost for stamp duty and registration fees would be Rs 90,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Subramaniya Nagar?

The Gooduvancheri Sub Registrar Office covers Sri Subramaniya Nagar. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Ponmar. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value is used to calculate these fees, which are mandatory for property transactions.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and fairly in the official records. It is essential for both parties to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Subramaniya Nagar?

The current guideline value of Sri Subramaniya Nagar is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 100 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012. It then decreased to Rs 670 per sq.ft in 2017 before returning to Rs 1,000 per sq.ft in 2023.

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

For a 1,000 sq.ft property at the current guideline value, the total guideline value is Rs 10,00,000. The stamp duty at 7% is Rs 70,000, and the registration fee at 2% is Rs 20,000, totaling Rs 90,000 for both fees.

Which office handles property registration in Sri Subramaniya Nagar?

The Gooduvancheri Sub Registrar Office handles property registration for Sri Subramaniya Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets in Ponmar with guideline values?

Currently, there are no other streets in Ponmar listed with guideline values. Sri Subramaniya Nagar is the primary focus for this area under the Gooduvancheri SRO.