Guideline Value for Subasri Nagar IIIrd Street

Subasri Nagar IIIrd Street guideline value

The current guideline value of Subasri Nagar IIIrd 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 is classified as Residential Special Type - I.

How the guideline value of Subasri Nagar IIIrd Street has changed

The guideline value for Subasri Nagar IIIrd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,600 per sq.ft, which was then reduced to Rs 2,412 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49% to Rs 3,600 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 3,960 per sq.ft, reflecting a 10% increase from the previous year.

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 for these streets is Rs 3,960 per sq.ft, which is equal to the current guideline value of Subasri Nagar IIIrd Street.

• Subasri Nagar Extn 3rd Main Road: Rs 3,960 per sq.ft (2024)
• Subasri Nagar IInd Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar Extn 2nd Main Road: Rs 3,960 per sq.ft (2024)
• Subasri Nagar Extn 1st Main Road: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 9th Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 8th Street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Subasri Nagar IIIrd Street

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, charged at 7%, amounts to Rs 2,77,200, while the registration fee at 2% is Rs 79,200. Together, the total cost for stamp duty and registration fee is Rs 3,56,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Subasri Nagar IIIrd Street?

The Sub Registrar Office that covers Subasri Nagar IIIrd Street 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 crucial factor when buying or selling property in Porur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value serves as a benchmark to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property transactions and ensures that the state collects the appropriate taxes.

Frequently asked questions

What is the current guideline value of Subasri Nagar IIIrd Street?

The current guideline value of Subasri Nagar IIIrd 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 2023 to Rs 3,960 per sq.ft in 2024, marking a 10% increase. It was Rs 2,412 per sq.ft in 2017 and Rs 3,600 per sq.ft in 2012.

What is the land classification of Subasri Nagar IIIrd Street?

Subasri Nagar IIIrd Street is classified as Residential Special Type - I.

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.

How is the stamp duty calculated for properties in Subasri Nagar IIIrd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 39,60,000, the stamp duty at 7% would be Rs 2,77,200.