Guideline Value for Subethra Avenue

Subethra Avenue guideline value

The current guideline value of Subethra Avenue is Rs 700 per sq.ft, effective from the 2024 revision. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Subethra Avenue has changed

In the 2017 revision, the guideline value for Subethra Avenue was Rs 469 per sq.ft. This figure remained unchanged in the subsequent 2023 revision, which also recorded the guideline value at Rs 700 per sq.ft. The latest revision in 2024 has maintained the guideline value at Rs 700 per sq.ft, indicating no percentage change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a 49% increase in the guideline value. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 700 per sq.ft, which aligns with the current value of Subethra Avenue.

• Sri Vinayaka Nagar Ph.-IV: Rs 700 per sq.ft (2024)
• Sri Vinayaga nagar Part I,II,III: Rs 700 per sq.ft (2024)
• Sundaram Nagar: Rs 700 per sq.ft (2024)
• Sri Thanthondri Amman Nagar: Rs 1,000 per sq.ft (2024)
• Suvisesapuram: Rs 1,000 per sq.ft (2024)
• Sri Selvalakshmi Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Subethra Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value is Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. 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 Subethra Avenue?

The Sub Registrar Office that covers Subethra Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Sriperumbudur A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both the buyer and seller are aware of the financial implications of the transaction.

When buying or selling property, the guideline value helps to establish a fair price for registration purposes. It is essential for buyers to be informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Subethra Avenue?

The current guideline value of Subethra Avenue is Rs 700 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

From the 2017 revision to the 2024 revision, the guideline value has increased by 49%. The value remained unchanged at Rs 700 per sq.ft from 2023 to 2024.

What is the land classification of Subethra Avenue?

Subethra Avenue is classified as Residential Class III Type - I. This classification is important for understanding the potential uses of the land.

Where can I find the Sub Registrar Office for Subethra Avenue?

The Sub Registrar Office for Subethra Avenue is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all registration-related activities for the area.

How is stamp duty calculated for properties in Subethra Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 700 per sq.ft, the stamp duty would be Rs 49,000.