Guideline Value for Subamathi Nagar

Subamathi Nagar guideline value

The current guideline value of Subamathi Nagar, located in Nattarasampattu village under the Gooduvancheri SRO, is Rs 350 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Subamathi Nagar has changed

Over the years, the guideline value of Subamathi Nagar has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 30 per sq.ft. This increased significantly to Rs 350 per sq.ft in 2012, marking a rise of 1,067%. However, in the following years, the value dropped to Rs 234 per sq.ft in 2017, which is a decrease of 33%. The value remained at Rs 350 per sq.ft during the 2023 revision and continues to be the same in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, there was a notable increase of 50%, bringing the value back to Rs 350 per sq.ft. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1,067%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Nattarasampattu

Nattarasampattu village has a total of 24 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 700 per sq.ft. The median guideline value across these streets is Rs 350 per sq.ft, which is equal to the current value of Subamathi Nagar.

• S.V.P. Estate Lakshmi Nagar: Rs 350 per sq.ft (2024)
• S.V.P. Estate Lakshmi Nagar Phase-I: Rs 350 per sq.ft (2024)
• Sri Adhitya Avenue: Rs 350 per sq.ft (2024)
• Valayapathi Avenue: Rs 350 per sq.ft (2024)
• Sivagasinthamani Nagar: Rs 250 per sq.ft (2024)
• Shri Shanmuga Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Subamathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total to Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subamathi Nagar?

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

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

The guideline value plays a crucial role when buying or selling property in Nattarasampattu. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure they are paying the correct fees based on the property’s value.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the registration process is fair and transparent, reflecting the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Subamathi Nagar?

The current guideline value of Subamathi Nagar is Rs 350 per sq.ft, effective from the 2024 revision starting on 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 30 per sq.ft in 2007 to Rs 350 per sq.ft in 2012, then decreased to Rs 234 per sq.ft in 2017, and returned to Rs 350 per sq.ft in 2023 and 2024.

What are the other streets in Nattarasampattu with similar guideline values?

Other streets in Nattarasampattu under the Gooduvancheri SRO also have a guideline value of Rs 350 per sq.ft, including S.V.P. Estate Lakshmi Nagar, S.V.P. Estate Lakshmi Nagar Phase-I, Sri Adhitya Avenue, Valayapathi Avenue, and Shri Shanmuga Nagar.

What is the registration fee for property in Subamathi Nagar?

The registration fee for property in Subamathi Nagar is calculated based on the guideline value. For example, for a property valued at Rs 3,50,000, the registration fee would be Rs 7,000 at 2% of the guideline value.

Where can I find the Sub Registrar Office for Subamathi Nagar?

The Gooduvancheri Sub Registrar Office covers Subamathi Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.