Guideline Value for Subam Street 4th Street

Subam Street 4th Street guideline value

The current guideline value of Subam Street 4th Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Subam Street 4th Street has changed

In the 2012 revision, the guideline value for Subam Street 4th Street was Rs 1,200 per sq.ft. The value increased by 33% to Rs 1,600 per sq.ft in the 2024 revision. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 in the register for this street.

From 2012 to 2024, the increase from Rs 1,200 to Rs 1,600 reflects a significant change in the guideline value. The current figure aligns with the median value of Rs 1,600 per sq.ft for the 1,946 streets in Madhavaram under the Madhavaram SRO, which range from Rs 1,300 to Rs 7,500 per sq.ft.

Guideline values in Madhavaram

The guideline values for properties in Madhavaram vary widely, with the median being Rs 1,600 per sq.ft. Subam Street 4th Street's 2024 figure matches this median. Here are some of the other streets in Madhavaram:

• Subam Street 3rd Street: Rs 1,600 per sq.ft (2024)
• Subam Street 2nd Street: Rs 1,600 per sq.ft (2024)
• Subam Street 1st Street: Rs 1,600 per sq.ft (2024)
• Subam Nagar (Ward-02): Rs 1,600 per sq.ft (2024)
• Subam Avenue (Ward-02): Rs 1,600 per sq.ft (2024)
• Subash Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Subam Street 4th Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subam Street 4th Street?

The Sub Registrar Office that covers Subam Street 4th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the applicable stamp duty and registration fees based on the property's value.

When a property is registered, the guideline value is used to calculate the fees, ensuring that the transaction reflects the official valuation set by the authorities. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Subam Street 4th Street?

The current guideline value of Subam Street 4th Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,200 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, reflecting a 33% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the median guideline value in Madhavaram?

The median guideline value in Madhavaram is Rs 1,600 per sq.ft. This median is based on the range of values for the 1,946 streets under the Madhavaram SRO.

What are the stamp duty and registration fees for properties in Subam Street 4th Street?

For a 1,000 sq.ft plot at the guideline value of Rs 1,600 per sq.ft, the total guideline value is Rs 16,00,000. The stamp duty would be Rs 1,12,000, and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles the registration for Subam Street 4th Street?

The Madhavaram Sub Registrar Office handles the registration for Subam Street 4th Street. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.