Guideline Value for Subasri Nagar 6th Street

Subasri Nagar 6th Street guideline value

The current guideline value of Subasri Nagar 6th 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 6th Street has changed

Starting from the oldest revision, the guideline value was Rs 3,600 per sq.ft in 2012. This figure decreased to Rs 2,412 per sq.ft in 2017, reflecting a drop of 33%. The value then increased significantly to Rs 3,600 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 3,960 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Subasri Nagar 6th Street. Overall, the guideline value has increased by 10% from 2012 to 2024.

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 for these streets is Rs 3,960 per sq.ft, which aligns with the current guideline value of Subasri Nagar 6th Street.

• Subasri Nagar 5th Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 7th Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 4th Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 8th Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 3rd Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 9th Street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Subasri Nagar 6th 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 at 7% would amount to Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, bringing the total cost for these fees to Rs 3,56,400. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Subasri Nagar 6th Street?

The Sub Registrar Office that covers Subasri Nagar 6th Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Porur. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. The fees are calculated based on the higher of the two values, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Subasri Nagar 6th Street?

The current guideline value of Subasri Nagar 6th 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 undergone several changes, from Rs 3,600 per sq.ft in 2012 to Rs 2,412 per sq.ft in 2017, then rising to Rs 3,600 per sq.ft in 2023, and finally reaching Rs 3,960 per sq.ft in 2024.

What is the land classification for Subasri Nagar 6th Street?

Subasri Nagar 6th Street is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for buying property here?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would be Rs 3,56,400.

Which office handles property registrations for Subasri Nagar 6th Street?

The Kunrathur Sub Registrar Office handles property registrations for Subasri Nagar 6th Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.