Guideline Value for Subash Chandrabose Street

Subash Chandrabose Street guideline value

The current guideline value of Subash Chandrabose Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Nemili_B village, under the Sriperumpudur SRO, and is classified as Residential Class IV 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 most recent revision in 2024 set the guideline value at Rs 150 per sq.ft, which remains unchanged from the 2023 revision. The previous revision in 2017 had a guideline value of Rs 100 per sq.ft, marking a 50% increase in value from 2017 to 2023. There are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012.

Overall, from 2017 to 2024, the guideline value has increased by 50%. The consistency in the guideline value from 2023 to 2024 indicates stability in this period.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. Subash Chandrabose Street's guideline value is below this median, indicating a lower valuation compared to many other streets in the village.

• Sri Ram Nagar Part II: Rs 300 per sq.ft (2024)
• Sri Ram Nagar Extn: Rs 300 per sq.ft (2024)
• Sri Ram Nagar: Rs 400 per sq.ft (2024)
• Theru Veedhiyamman Koil Street: Rs 150 per sq.ft (2024)
• Srinivasa Nagar: Rs 200 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 300 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 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total charges to Rs 13,500. It is important 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 Subash Chandrabose Street?

The Sub Registrar Office that covers Subash Chandrabose Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Nemili_B. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions, protecting both buyers and sellers.

Frequently asked questions

What is the current guideline value of Subash Chandrabose Street?

The current guideline value of Subash Chandrabose Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2023 to 2024. It increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023, representing a 50% increase.

What is the land classification of Subash Chandrabose Street?

Subash Chandrabose Street is classified as Residential Class IV Type - I, indicating its use for residential purposes.

Where can I find the registration office for Subash Chandrabose Street?

The registration office for Subash Chandrabose Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It acts as a minimum value for registration, ensuring that the government receives appropriate revenue from property sales.