Guideline Value for Subasri Nagar Extn 2nd Main Road

Subasri Nagar Extn 2nd Main Road guideline value

The current guideline value of Subasri Nagar Extn 2nd Main Road is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Subasri Nagar Extn 2nd Main Road has changed

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

From 2017 to 2023, the guideline value rose by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO, with guideline values 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 the same as the current guideline value for Subasri Nagar Extn 2nd Main Road.

• Subasri Nagar Extn 1st Main Road: Rs 3,960 per sq.ft (2024)
• Subasri Nagar Extn 3rd Main Road: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 9th Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar IIIrd Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 8th Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar IInd Street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Subasri Nagar Extn 2nd 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 is 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, making the total cost Rs 3,56,400. Duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Subasri Nagar Extn 2nd Main Road?

The Sub Registrar Office that covers Subasri Nagar Extn 2nd 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 is an essential factor when registering property transactions in Porur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling a property, the guideline value helps both parties understand the official valuation of the property. This valuation is crucial for calculating taxes and fees associated with the transaction.

Frequently asked questions

What is the current guideline value for Subasri Nagar Extn 2nd Main Road?

The current guideline value for Subasri Nagar Extn 2nd 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 changed from Rs 3,600 per sq.ft in 2012 to Rs 2,412 per sq.ft in 2017, then 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 Extn 2nd Main Road?

Subasri Nagar Extn 2nd Main Road is classified as Residential Special Type - I.

Where can I find the registration office for this area?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2%.