Guideline Value for Subashree Nagar Extn

Subashree Nagar Extn guideline value

The current guideline value of Subashree Nagar Extn is Rs 3,960 per sq.ft, effective from 1 July 2024. This area is located in Porur village under the Kunrathur SRO and is classified as Residential Special Type - I.

How the guideline value of Subashree Nagar Extn has changed

The guideline value for Subashree Nagar Extn has seen several revisions over the years. The 2012 revision set the value at Rs 3,600 per sq.ft, which then decreased to Rs 2,412 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,600 per sq.ft in the 2023 revision, and then to Rs 3,960 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In terms of percentage changes, the value increased by 49% from 2017 to 2023. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median value of Rs 3,960 per sq.ft. The guideline value of Subashree Nagar Extn aligns with this median value.

• Subasri Nagar: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 1st Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 2nd Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 3rd Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 4th Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 5th Street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Subashree Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value would be Rs 39,60,000. The stamp duty at 7% would amount to Rs 2,77,200, while the registration fee at 2% would be Rs 79,200. Together, the total cost for stamp duty and registration fee would be Rs 3,56,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Subashree Nagar Extn?

The Sub Registrar Office that covers Subashree Nagar Extn is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the overall costs involved in property transactions. Accurate knowledge of these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Subashree Nagar Extn?

The current guideline value of Subashree Nagar Extn is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,600 per sq.ft in 2012 to Rs 2,412 per sq.ft in 2017, then to Rs 3,600 per sq.ft in 2023, and finally to Rs 3,960 per sq.ft in 2024.

What is the land classification for Subashree Nagar Extn?

Subashree Nagar Extn is classified as Residential Special Type - I.

What are the registration fees for property in Subashree Nagar Extn?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Kunrathur Sub Registrar Office at No.59, Road Street, Kundrathur, Chennai -600 069, or by using the provided link to find your SRO.