Guideline Value for Subasri Nagar

Subasri Nagar guideline value

The current guideline value of Subasri Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Karanaipuducheri village under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Subasri Nagar has changed

Over the years, the guideline value of Subasri Nagar has seen several revisions. The 2007 revision set the value at Rs 390 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in the 2012 revision. However, this value dropped to Rs 804 per sq.ft in the 2017 revision, before returning to Rs 1,200 per sq.ft in both the 2023 and 2024 revisions, indicating no change from 2023 to 2024.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Additionally, the overall change from the 2007 revision to the 2024 revision is an increase of 208%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 400 to Rs 2,239 per sq.ft. The median value for these streets is Rs 802 per sq.ft, placing Subasri Nagar's 2024 figure above that median.

• Subramaniyapuram: Rs 400 per sq.ft (2024)
• Sundaram Garden: Rs 1,642 per sq.ft (2024)
• Sri Vasudeva Nagar: Rs 1,000 per sq.ft (2024)
• Sri Vaisnavi Nagar: Rs 1,000 per sq.ft (2024)
• Survey Number 3.4,6 All Subdivision: Rs 701 per sq.ft (2024)
• Susee Avenue: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Subasri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that the 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?

The Sub Registrar Office that covers Subasri Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Karanaipuducheri. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable on the property transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Subasri Nagar?

The current guideline value of Subasri Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions being Rs 1,200 per sq.ft in both 2023 and 2024, and an increase from Rs 804 per sq.ft in 2017.

What is the land classification of Subasri Nagar?

Subasri Nagar is classified as Residential Special Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Subasri Nagar?

The registration office for Subasri Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for property in Subasri Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value of Rs 1,200 per sq.ft would incur a total stamp duty of Rs 84,000 at 7%.