Guideline Value for Subbukilari Street

Subbukilari Street guideline value

The current guideline value of Subbukilari Street in Kovilpathagai village, under the Ambattur SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Subbukilari Street has changed

The guideline value for Subbukilari Street has undergone several revisions over the years. In 2012, the value was Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value rose significantly to Rs 800 per sq.ft in 2023 and further increased to Rs 880 per sq.ft in 2024, marking a 10% rise from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, comparing the values from 2012 to 2024, there has been a 10% increase. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this area is Rs 870 per sq.ft, which means that Subbukilari Street's 2024 figure of Rs 880 per sq.ft is above the median.

• Subash Chandrabose Street: Rs 880 per sq.ft (2024)
• St Peter Street: Rs 805 per sq.ft (2024)
• St Perter's Nagar: Rs 807 per sq.ft (2024)
• St. Pauls Nagar: Rs 807 per sq.ft (2024)
• St Josph Nagar: Rs 806 per sq.ft (2024)
• St Francis Nagar Extention: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Subbukilari Street

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subbukilari Street?

The Subbukilari Street is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the government receives the necessary revenue from property transactions. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Subbukilari Street?

The current guideline value of Subbukilari Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Subbukilari Street?

Subbukilari Street is classified under Residential Class II Type - I land classification.

Which office handles the registration for properties in Subbukilari Street?

The registration for properties in Subbukilari Street is handled by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Kovilpathagai?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, the stamp duty for a property valued at Rs 8,80,000 would be Rs 61,600 at a rate of 7%.