Guideline Value

Corporate

Guideline Value for Subasri Nagar Extn 1st Main Road

₹3960/sq.ft.

The guideline value for Subasri Nagar Extn 1st Main Road in Porur village (Kunrathur SRO, Chennai zone) is Rs 3960 per sq.ft, effective 1 July 2024. It was Rs 3600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3960 /sq.ft.
From 1-4-2023 ₹3600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2412 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Subasri Nagar Extn 1st Main Road

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Subasri Nagar Extn 1st Main Road guideline value

The current guideline value of Subasri Nagar Extn 1st Main Road is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Porur village and falls under the Kunrathur SRO, with a land classification of Residential Special Type - I.

How the guideline value of Subasri Nagar Extn 1st Main Road has changed

The guideline value for Subasri Nagar Extn 1st Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 3,600 per sq.ft, which was followed by a decrease to Rs 2,412 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,600 per sq.ft, reflecting a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 3,960 per sq.ft, which is a 10% increase from 2023.

It is important to note that the register has no figures for the years 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 value is Rs 3,960 per sq.ft, which is equal to the 2024 guideline value of Subasri Nagar Extn 1st Main Road.

Stamp duty and registration fee for property in Subasri Nagar Extn 1st Main Road

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, while the registration fee at 2% would be Rs 79,200, bringing the total charges to Rs 3,56,400. It is important to note that 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 more details.

Which Sub Registrar Office covers Subasri Nagar Extn 1st Main Road?

The Sub Registrar Office that covers Subasri Nagar Extn 1st Main Road 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 plays a crucial role in property transactions in Porur. It is used to determine the stamp duty and registration fees that buyers need to pay when registering their property. The guideline value is set by the government and is updated periodically, reflecting the market conditions and property values in the area.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Buyers should ensure that they are prepared to cover the necessary fees based on the guideline value to avoid any complications during the registration process.

Frequently asked questions

What is the current guideline value of Subasri Nagar Extn 1st Main Road?

The current guideline value of Subasri Nagar Extn 1st Main Road 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 seen several revisions: from Rs 3,600 per sq.ft in 2023 to Rs 3,960 per sq.ft in 2024, a 10% increase. It was Rs 2,412 per sq.ft in 2017, which increased to Rs 3,600 per sq.ft in 2023, marking a 49% rise.

What is the land classification for Subasri Nagar Extn 1st Main Road?

The land classification for Subasri Nagar Extn 1st Main Road is Residential Special Type - I.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the stamp duty and registration fees for a property in Subasri Nagar Extn 1st Main Road?

For a property valued at Rs 39,60,000, the stamp duty would be Rs 2,77,200 and the registration fee would be Rs 79,200, totaling Rs 3,56,400. Duty is charged on the higher of the guideline value or the sale price.