Guideline Value for Subbaiha Nagar

Subbaiha Nagar guideline value

The current guideline value of Subbaiha Nagar, located in Madanandapuram village under the Kunrathur SRO, is Rs 3,190 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Subbaiha Nagar has changed

Subbaiha Nagar has seen several revisions in its guideline value over the years. The 2012 revision set the value at Rs 2,900 per sq.ft, which was then reduced to Rs 1,943 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,900 per sq.ft, and the most recent 2024 revision raised it to Rs 3,190 per sq.ft, marking a 10% increase from the previous year.

Overall, the guideline value has increased by 10% from 2012 to 2024. The changes between revisions are notable, with a significant increase of 49% from 2017 to 2023. The revisions for the years 2002, 2003, and 2007 have no figures listed for this street.

Guideline values in Madanandapuram

Madanandapuram village has a range of guideline values across its 94 streets under the Kunrathur SRO, with values ranging from Rs 2,530 to Rs 5,830 per sq.ft. The median guideline value for the village is Rs 3,520 per sq.ft, which means that Subbaiha Nagar's 2024 figure is below this median.

• St. Thomas School Street: Rs 3,190 per sq.ft (2024)
• Sri Venkateswara Nagar / Annuxe: Rs 3,190 per sq.ft (2024)
• Sri Rajarajeswari Nagar: Rs 3,190 per sq.ft (2024)
• Sri Natarajan Nagar: Rs 3,520 per sq.ft (2024)
• Sri Muthu Nagar: Rs 3,520 per sq.ft (2024)
• Sri Muthu mariyamman Nagar: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Subbaiha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,190 per sq.ft, the total guideline value would be Rs 31,90,000. The stamp duty at 7% would be Rs 2,23,300, and the registration fee at 2% would be Rs 63,800, bringing the total cost to Rs 2,87,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subbaiha Nagar?

The Sub Registrar Office that covers Subbaiha Nagar 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 Madanandapuram

The guideline value plays a crucial role during property registration in Madanandapuram. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that all transactions are conducted fairly and transparently, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Subbaiha Nagar?

The current guideline value of Subbaiha Nagar is Rs 3,190 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,900 per sq.ft in 2012 to Rs 1,943 per sq.ft in 2017, then back to Rs 2,900 per sq.ft in 2023, and finally to Rs 3,190 per sq.ft in 2024.

What is the median guideline value in Madanandapuram?

The median guideline value in Madanandapuram is Rs 3,520 per sq.ft, which is higher than the current guideline value of Subbaiha Nagar.

What are the stamp duty rates applicable in Subbaiha Nagar?

The stamp duty rate applicable in Subbaiha Nagar is 7% of the guideline value or the sale price, whichever is higher.

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. You can find more details through the provided link.