Guideline Value for Subash Chandrabose Street

Subash Chandrabose Street guideline value

The current guideline value of Subash Chandrabose Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village and falls under the Ambattur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Subash Chandrabose Street has changed

The guideline value for Subash Chandrabose Street has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 800 per sq.ft in 2023, and further rose to Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, from 2012 to 2017, the guideline value decreased by 33%, while from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, there has been an increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this area is Rs 870 per sq.ft, making the 2024 figure for Subash Chandrabose Street above the median.

• St Peter Street: Rs 805 per sq.ft (2024)
• St Perter's Nagar: Rs 807 per sq.ft (2024)
• St. Pauls Nagar: Rs 807 per sq.ft (2024)
• St Josph Nagar: Rs 806 per sq.ft (2024)
• St Francis Nagar Extention: Rs 1,200 per sq.ft (2024)
• St. Francis Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Subash Chandrabose Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. It is important to note that the 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 Subash Chandrabose Street?

The Subash Chandrabose Street falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the necessary fees, ensuring compliance with local regulations. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Subash Chandrabose Street?

The current guideline value of Subash Chandrabose Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Subash Chandrabose Street?

The land classification for Subash Chandrabose Street is Residential Class II Type - I.

Which office handles the registration for Subash Chandrabose Street?

The Ambattur Sub Registrar Office handles the registration for Subash Chandrabose Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

How is the stamp duty calculated for properties in Kovilpathagai?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty at 7% would be Rs 61,600.