Guideline Value for Subasri Nagar 9th Street

Subasri Nagar 9th Street guideline value

The current guideline value of Subasri Nagar 9th 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 it falls under the Residential Special Type - I land classification.

How the guideline value of Subasri Nagar 9th Street has changed

In the 2012 revision, the guideline value was Rs 3,600 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 2,412 per sq.ft. Following that, the value increased significantly to Rs 3,600 per sq.ft in 2023, marking a 49% rise from the 2017 figure. The latest revision in 2024 has brought the value to Rs 3,960 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register 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, with the median value being Rs 3,960 per sq.ft. The guideline value for Subasri Nagar 9th Street is equal to this median.

• Subasri Nagar 8th Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar Extn 1st Main Road: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 7th Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar Extn 2nd Main Road: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 6th Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar Extn 3rd Main Road: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Subasri Nagar 9th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,960 per sq.ft, the 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 9th Street?

The Subasri Nagar 9th Street is covered by 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 critical factor during property registration in Porur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the higher value between the guideline value and the sale price is utilized to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Subasri Nagar 9th Street?

The current guideline value of Subasri Nagar 9th 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 9th Street?

Subasri Nagar 9th Street falls under the Residential Special Type - I land classification.

What are the other streets with the same guideline value in Porur?

Other streets in Porur with the same guideline value of Rs 3,960 per sq.ft include Subasri Nagar 8th Street, Subasri Nagar Extn 1st Main Road, Subasri Nagar 7th Street, Subasri Nagar Extn 2nd Main Road, Subasri Nagar 6th Street, and Subasri Nagar Extn 3rd Main Road.

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. This office handles the registration of properties in the area.