Guideline Value for Subashree Nagar

Subashree Nagar guideline value

The current guideline value of Subashree Nagar, located in Atanancheri village under the Gooduvancheri SRO, is Rs 670 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - IV.

How the guideline value of Subashree Nagar has changed

Over the years, the guideline value of Subashree Nagar has seen several revisions. In 2007, the guideline value was Rs 160 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, this value decreased to Rs 536 per sq.ft in 2017, marking a decline of 33%. The value remained stable at Rs 670 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these years.

The overall change from 2007 to 2024 shows an increase of 319%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Atanancheri

Atanancheri village has 83 streets under the Gooduvancheri SRO, with a 2024 guideline value range from Rs 400 to Rs 2,500 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Subashree Nagar's 2024 figure below this median.

• Subashree Nagar Extension: Rs 1,000 per sq.ft (2024)
• Sri Vari Nagar: Rs 600 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 500 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 800 per sq.ft (2024)
• Sri Ranganathar Nagar: Rs 800 per sq.ft (2024)
• Thangavel Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Subashree Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 670 per sq.ft, the total guideline value amounts to Rs 6,70,000. The stamp duty at 7% would be Rs 46,900, and the registration fee at 2% would be Rs 13,400, bringing the total fees together to Rs 60,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subashree Nagar?

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

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

The guideline value is a critical factor when registering property in Atanancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to assess the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Subashree Nagar?

The current guideline value of Subashree Nagar is Rs 670 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 160 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and remained at Rs 670 per sq.ft in both 2023 and 2024.

What is the median guideline value in Atanancheri?

The median guideline value in Atanancheri is Rs 700 per sq.ft, with Subashree Nagar's 2024 figure being below this median.

What are the stamp duty and registration fees for Subashree Nagar?

For a property valued at Rs 6,70,000, the stamp duty would be Rs 46,900 and the registration fee would be Rs 13,400, totaling Rs 60,300.

Where is the Sub Registrar Office for Subashree Nagar located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.