Guideline Value for Subasri Nagar 3rd Street

Subasri Nagar 3rd Street guideline value

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

How the guideline value of Subasri Nagar 3rd Street has changed

The guideline value for Subasri Nagar 3rd Street has seen several revisions over the years. In 2012, the figure was Rs 3,600 per sq.ft, which decreased to Rs 2,412 per sq.ft in 2017. Following this, the value rose significantly to Rs 3,600 per sq.ft in 2023, and then to Rs 3,960 per sq.ft in the latest revision in 2024, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

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 value for these streets is Rs 3,960 per sq.ft, which is equal to the guideline value for Subasri Nagar 3rd Street.

• Subasri Nagar 2nd Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 4th Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 1st Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 5th Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar: 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value would be Rs 39,60,000. The stamp duty, charged at 7%, would amount to Rs 2,77,200, and the registration fee at 2% would be Rs 79,200. Together, the total cost for stamp duty and registration fee would be Rs 3,56,400. Please note that duty is charged on the higher of the guideline value or the sale price.

To calculate your own fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subasri Nagar 3rd Street?

The Sub Registrar Office that covers Subasri Nagar 3rd Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Porur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the correct amount is paid to the authorities.

Frequently asked questions

What is the current guideline value for Subasri Nagar 3rd Street?

The current guideline value for Subasri Nagar 3rd 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 2023 to Rs 3,960 per sq.ft in 2024, marking a 10% increase. It was Rs 2,412 per sq.ft in 2017 and Rs 3,600 per sq.ft in 2012.

What is the land classification for Subasri Nagar 3rd Street?

Subasri Nagar 3rd Street is classified as Residential Special Type - I. This classification is important for understanding the zoning and usage regulations for the area.

Where can I find the registration office for this area?

The registration office for Subasri Nagar 3rd 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?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 39,60,000, the stamp duty at 7% would be Rs 2,77,200.