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 Ponthoor village under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Subasree Nagar has changed

The guideline value for Subasree Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value dropped to Rs 201 per sq.ft, before returning to Rs 300 per sq.ft in both the 2023 and 2024 revisions. Notably, the register has no figure for this street in the years 2002, 2003, and 2007.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. However, there was no change from 2023 to 2024, maintaining the value at Rs 300 per sq.ft. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has remained unchanged.

Guideline values in Ponthoor

Ponthoor village has 79 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 200 to Rs 2,239 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is equal to the current guideline value of Subasree Nagar.

• Sterling Gateway: Rs 750 per sq.ft (2024)
• Sri Vishnu Nagar: Rs 600 per sq.ft (2024)
• Sri Vinayaga Nagar: Rs 300 per sq.ft (2024)
• Suriya Gandhi Poo Street: Rs 300 per sq.ft (2024)
• Thamarai Poo Street: Rs 500 per sq.ft (2024)
• Thazhampoo Street: Rs 300 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 would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total cost to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subasree Nagar?

The Sub Registrar Office covering Subasree Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ponthoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration reflects the fair value of the property being transacted.

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 has remained at Rs 300 per sq.ft in the 2023 and 2024 revisions, while it was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012.

What is the land classification for Subasree Nagar?

Subasree Nagar is classified as Residential Class III Type - I according to the local land classification guidelines.

Where can I find the registration office for Subasree Nagar?

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

How is stamp duty calculated for properties in Subasree Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 3,00,000 would incur a stamp duty of Rs 21,000 at a rate of 7%.