Guideline Value for Subasree Nagar

Subasree Nagar guideline value

The current guideline value of Subasree Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Mevaloorkuppam B village under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Subasree Nagar has changed

In the 2017 revision, the guideline value for Subasree Nagar was Rs 201 per sq.ft. It remained unchanged at Rs 300 per sq.ft in the 2023 revision and continues at the same rate for the 2024 revision, showing no increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, there has been an increase of 49%. The consistent rate from 2023 to 2024 reflects a stable guideline value during this period.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 6,200 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Subasree Nagar's current value below this median.

• Sun Tech Co-op City: Rs 1,320 per sq.ft (2024)
• Sri Ram Nagar: Rs 500 per sq.ft (2024)
• Thiruvalluvar Street: Rs 300 per sq.ft (2024)
• Sree Sayee Nagar: Rs 1,320 per sq.ft (2024)
• Urban Edge Phase-II: Rs 2,200 per sq.ft (2024)
• Urban Edge Phase - III: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Subasree Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Subasree Nagar?

The Sub Registrar Office that covers Subasree Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. For further details, you can find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Mevaloorkuppam B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value based on the locality.

When buying or selling property in this area, the guideline value influences the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Subasree Nagar?

The current guideline value of Subasree Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Subasree Nagar was Rs 201 per sq.ft in 2017, increased to Rs 300 per sq.ft in 2023, and remains at Rs 300 per sq.ft in 2024, showing a 49% increase from 2017 to 2024.

What are the other streets in Mevaloorkuppam B and their guideline values?

Other streets in Mevaloorkuppam B include Sun Tech Co-op City at Rs 1,320 per sq.ft, Sri Ram Nagar at Rs 500 per sq.ft, and Thiruvalluvar Street at Rs 300 per sq.ft, among others.

What is the registration fee for property in Subasree Nagar?

The registration fee for property in Subasree Nagar is calculated based on the guideline value. For example, for a property valued at Rs 3,00,000, the registration fee would be Rs 6,000 at a rate of 2%.

Where can I find the Sub Registrar Office for Subasree Nagar?

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