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 Thandalam 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 undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 300 per sq.ft. The 2017 revision marked a decrease to Rs 201 per sq.ft, reflecting a -33% change from the previous figure. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of +49%. Overall, comparing the 2012 figure to the current 2024 revision, the guideline value remains unchanged at Rs 300 per sq.ft, indicating a stable value over this period.

Guideline values in Thandalam

In Thandalam, there are 36 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Subasree Nagar is below this median.

• Telophone Exchange Street: Rs 400 per sq.ft (2024)
• Theruveedhiyamman Koil Street: Rs 505 per sq.ft (2024)
• Sri Iyappa Nagar: Rs 200 per sq.ft (2024)
• Uma Maheswari Nagar: Rs 300 per sq.ft (2024)
• Varalakshmi Nagar: Rs 300 per sq.ft (2024)
• Sipcot Industrial Park: Rs 800 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 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. For more details, you can use the stamp duty and registration fee calculator.

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. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thandalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is important to be aware that the stamp duty is calculated based on the higher value between the guideline value and the sale price, which can impact the overall cost of the transaction.

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 has seen several revisions, with the most recent being Rs 300 per sq.ft in 2024, unchanged from the 2023 revision. The value was as low as Rs 201 per sq.ft in 2017.

What is the land classification for Subasree Nagar?

Subasree Nagar is classified as Residential Class III Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for property in Subasree Nagar?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 3,00,000, the total fees would amount to Rs 27,000.

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.