Guideline Value for Subash Street (Devi Nagar)

Subash Street (Devi Nagar) guideline value

The current guideline value of Subash Street (Devi Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Subash Street (Devi Nagar) has changed

The guideline value for Subash Street (Devi Nagar) has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was set at Rs 2,200 per sq.ft. The most recent revision in 2024 has increased this value to Rs 2,400 per sq.ft, marking a change of +9% since the 2012 revision.

There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street. The guideline value has thus seen an increase from Rs 2,200 in 2012 to Rs 2,400 in 2024.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median value is Rs 2,400 per sq.ft, which is equal to the guideline value of Subash Street (Devi Nagar).

• Subash Street (S.No.194): Rs 1,400 per sq.ft (2024)
• St.Peters Nagaram: Rs 1,100 per sq.ft (2024)
• St. Peters Nagar: Rs 1,100 per sq.ft (2024)
• St. Peters Avenue: Rs 1,100 per sq.ft (2024)
• St.Mary's Street (Srinagar Colony): Rs 2,400 per sq.ft (2024)
• St George Nagar Extn: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Subash Street (Devi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. 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 detailed calculations.

Which Sub Registrar Office covers Subash Street (Devi Nagar)?

The Sub Registrar Office that covers Subash Street (Devi Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thirumullaivoyal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable for the transaction. Buyers must ensure that they are aware of the current guideline values to avoid any discrepancies during the registration process.

Additionally, the guideline value serves as a benchmark for property transactions, helping to standardize the pricing for various properties in the area. It is essential for both buyers and sellers to consult the latest guideline values to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Subash Street (Devi Nagar)?

The current guideline value of Subash Street (Devi Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Subash Street (Devi Nagar) was Rs 2,200 per sq.ft in 2012 and has increased to Rs 2,400 per sq.ft in 2024, marking a change of +9%.

Are there any years with no recorded guideline value for Subash Street?

Yes, there are no recorded guideline values for Subash Street in the years 2023, 2017, 2007, 2003, and 2002.

What is the registration fee for property in Subash Street (Devi Nagar)?

The registration fee for property transactions is typically calculated at 2% of the guideline value. For example, for a property valued at Rs 24,00,000, the registration fee would be Rs 48,000.

Where can I find the Sub Registrar Office for Subash Street (Devi Nagar)?

The Sub Registrar Office covering Subash Street (Devi Nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.