Guideline Value for Subasree Nagar

Subasree Nagar guideline value

The current guideline value of Subasree Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Subasree Nagar has changed

The guideline value for Subasree Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,430 per sq.ft, which is an increase of 10% from the 2023 figure of Rs 1,300 per sq.ft. Prior to this, in 2017, the guideline value was Rs 871 per sq.ft, indicating a significant increase of 49% to the 2023 figure. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This reflects the changes in valuation over the years, highlighting the upward trend in the guideline value for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value in this area is Rs 1,540 per sq.ft, placing Subasree Nagar's 2024 figure below that median.

• Subam Avenue Phase-II: Rs 2,860 per sq.ft (2024)
• Subam Avenue Phase-I: Rs 2,860 per sq.ft (2024)
• Subbarayan Nagar: Rs 1,430 per sq.ft (2024)
• Subhiksham: Rs 1,810 per sq.ft (2024)
• Subramania Swamy Nagar: Rs 1,430 per sq.ft (2024)
• Star City Annex: Rs 1,540 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 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would amount to Rs 1,00,100, while the registration fee at 2% would be Rs 28,600. Together, the total cost for stamp duty and registration would be Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Subasree Nagar?

Subasree Nagar falls under the jurisdiction of 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 Kunrathour-B

The guideline value is a crucial factor when registering property transactions in Kunrathour-B. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and uniformity in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Subasree Nagar?

The current guideline value of Subasree Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64% to reach Rs 1,430 per sq.ft in 2024. The 2023 value was Rs 1,300 per sq.ft, showing a 10% increase from that year.

What is the land classification for Subasree Nagar?

Subasree Nagar is classified as Residential Special Type - II, indicating its suitability for residential purposes.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees when buying or selling property. It ensures that the transaction is registered at a fair value as determined by the authorities.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. It is the office responsible for property registrations in Subasree Nagar.