Guideline Value for Subburaja Nagar

Subburaja Nagar guideline value

The current guideline value of Subburaja Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Subburaja Nagar has changed

The guideline value for Subburaja Nagar has seen a revision from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, marking an increase of 8%. There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

Prior to the 2012 revision, the guideline value for Subburaja Nagar was Rs 1,200 per sq.ft. The register does not provide figures for the years 2003, 2007, 2017, and 2023, indicating that the values for these years were not recorded for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value is Rs 1,600 per sq.ft, placing Subburaja Nagar's 2024 figure below that median.

• Subramaniam Nagar (Ward-08): Rs 1,600 per sq.ft (2024)
• Subramani Garden 1st st (Ward No.3): Rs 1,600 per sq.ft (2024)
• Subramani Garden (Ward-01): Rs 1,600 per sq.ft (2024)
• Subramani Garden (Ward-03): Rs 1,600 per sq.ft (2024)
• Subramani Nagar: Rs 1,600 per sq.ft (2024)
• Subramani Nagar Periachekadu (Ward-01): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Subburaja Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total charges Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subburaja Nagar?

The Sub Registrar Office covering Subburaja Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Madhavaram. It determines the stamp duty and registration fees that need to be paid during the registration process.

When a property is sold, the buyer must ensure that the transaction is registered at the Madhavaram SRO, where the guideline value will be referenced to calculate the necessary fees. This ensures compliance with local regulations and proper documentation of property ownership.

Frequently asked questions

What is the current guideline value of Subburaja Nagar?

The current guideline value of Subburaja Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, which is an 8% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What are the guideline values of other streets in Madhavaram?

Other streets in Madhavaram have guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. Subburaja Nagar's value is below this median.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at Rs 1,300 per sq.ft incurs a total guideline value of Rs 13,00,000, leading to a total fee of Rs 1,17,000.

Where can I find the Sub Registrar Office for Subburaja Nagar?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO through the provided link.