Guideline Value for Subbammal Nagar

Subbammal Nagar guideline value

The current guideline value of Subbammal Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village under the Padappai SRO, classified as Residential Class IV Type - II.

How the guideline value of Subbammal Nagar has changed

The guideline value for Subbammal Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value rebounded significantly to Rs 1,500 per sq.ft in 2023, and then increased by 10% to the current value of Rs 1,650 per sq.ft in 2024.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. The guideline value of Subbammal Nagar at Rs 1,650 per sq.ft is below this median.

• Subash Street: Rs 2,310 per sq.ft (2024)
• Subadhra Theru: Rs 1,650 per sq.ft (2024)
• S.S. Avenue: Rs 1,650 per sq.ft (2024)
• S.R.S. Nagar Part-3: Rs 2,310 per sq.ft (2024)
• S.R.S. Nagar Part - 2: Rs 2,310 per sq.ft (2024)
• S.R.S. Nagar: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Subbammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total charges Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Subbammal Nagar?

The Sub Registrar Office that covers Subbammal Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301., Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Perungalathur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications associated with the transaction.

Frequently asked questions

What is the current guideline value of Subbammal Nagar?

The current guideline value of Subbammal Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Subbammal Nagar?

Subbammal Nagar is classified as Residential Class IV Type - II.

What is the registration office for Subbammal Nagar?

The registration office for Subbammal Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301., Chennai registration zone.

How is stamp duty calculated in Subbammal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,50,000, the stamp duty at 7% would be Rs 1,15,500.