Guideline Value for Subasri Nagar 1st Street

Subasri Nagar 1st Street guideline value

The current guideline value of Subasri Nagar 1st Street is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Subasri Nagar 1st Street has changed

Starting from the 2012 revision, the guideline value was Rs 3,600 per sq.ft. This figure remained until the 2017 revision, which saw a decrease of 33% to Rs 2,412 per sq.ft. Following this, the value increased significantly by 49% to Rs 3,600 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the value by 10% to Rs 3,960 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value is Rs 3,960 per sq.ft, which is also the current value for Subasri Nagar 1st Street.

• Subasri Nagar: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 2nd Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 3rd Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 4th Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 5th Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 6th Street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Subasri Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, bringing the total to Rs 3,56,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subasri Nagar 1st Street?

The Sub Registrar Office covering Subasri Nagar 1st Street is 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 Porur

The guideline value is a crucial factor during the registration of property transactions in Porur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the state revenue is accurately collected based on the property's value.

Frequently asked questions

What is the current guideline value of Subasri Nagar 1st Street?

The current guideline value of Subasri Nagar 1st Street is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,600 per sq.ft in 2012 to Rs 2,412 per sq.ft in 2017, then increased to Rs 3,600 per sq.ft in 2023, and finally to Rs 3,960 per sq.ft in 2024.

What is the land classification for Subasri Nagar 1st Street?

Subasri Nagar 1st Street is classified as Residential Special Type - I.

Where can I find the registration office for this area?

The registration office for Subasri Nagar 1st Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Subasri Nagar 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total duty of Rs 3,56,400.