Guideline Value

Corporate

Guideline Value for Subasri Nagar Extn 3rd Main Road

₹3960/sq.ft.

The guideline value for Subasri Nagar Extn 3rd 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 3rd Main Road

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Subasri Nagar Extn 3rd Main Road guideline value

The current guideline value for Subasri Nagar Extn 3rd 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, and is classified as Residential Special Type - I.

How the guideline value of Subasri Nagar Extn 3rd Main Road has changed

The guideline value for Subasri Nagar Extn 3rd Main Road has seen several revisions over the years. The earliest available revision is from 2012, which set the value at Rs 3,600 per sq.ft. This was followed by a decrease to Rs 2,412 per sq.ft in 2017, before rising again to Rs 3,600 per sq.ft in 2023. The most recent revision in 2024 has increased the value to Rs 3,960 per sq.ft, marking a 10% increase from the previous year.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 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 guideline value for these streets is Rs 3,960 per sq.ft, which is the same as the current value for Subasri Nagar Extn 3rd Main Road.

Stamp duty and registration fee for property in Subasri Nagar Extn 3rd 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, charged at 7%, would be Rs 2,77,200, and the registration fee, charged at 2%, would be Rs 79,200. Together, these fees total 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 calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subasri Nagar Extn 3rd Main Road?

The Sub Registrar Office that covers Subasri Nagar Extn 3rd 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 details.

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

The guideline value is a critical factor when registering property transactions in Porur. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures transparency in property transactions and helps in maintaining fair practices in the real estate market.

Frequently asked questions

What is the current guideline value for Subasri Nagar Extn 3rd Main Road?

The current guideline value for Subasri Nagar Extn 3rd 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 back 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 3rd Main Road?

Subasri Nagar Extn 3rd Main Road is classified as Residential Special Type - I.

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

For a property valued at Rs 39,60,000, the stamp duty is Rs 2,77,200 and the registration fee is Rs 79,200, totaling Rs 3,56,400.

Where can I find the Sub Registrar Office for this area?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and you can find more information by visiting the provided link.