Guideline Value for Subhsri Nagar

Subhsri Nagar guideline value

The current guideline value of Subhsri Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Vallam village, under the Sriperumpudur Sub Registrar Office (SRO), and is classified as Residential Class III Type - I.

How the guideline value of Subhsri Nagar has changed

According to the guideline value register, the revisions for Subhsri Nagar show that there has been no change in the guideline value from the 2023 revision to the 2024 revision, remaining at Rs 200 per sq.ft. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

The 2024 revision maintains the same value as the 2023 revision, which also stood at Rs 200 per sq.ft. This consistency indicates stability in the valuation for this street over the past two years.

Guideline values in Vallam

In Vallam village, there are 51 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft, with a median of Rs 200 per sq.ft. The guideline value for Subhsri Nagar aligns perfectly with this median.

• Sri Vishnu Nagar: Rs 150 per sq.ft (2024)
• Sri Venkatachalapathy Nagar: Rs 410 per sq.ft (2024)
• Sri Ram Nagar: Rs 150 per sq.ft (2024)
• Thideer Nagar: Rs 200 per sq.ft (2024)
• Thideer Nagar 1st Street: Rs 200 per sq.ft (2024)
• Thideer Nagar Cross Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Subhsri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, resulting in a total of Rs 18,000. 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 precise calculations based on your property transaction.

Which Sub Registrar Office covers Subhsri Nagar?

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

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

The guideline value is a crucial factor in property transactions in Vallam, as it determines the minimum value at which a property can be registered. Buyers and sellers must take this value into account when negotiating sale prices to ensure compliance with registration regulations.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Subhsri Nagar?

The current guideline value of Subhsri Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Subhsri Nagar has remained consistent at Rs 200 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

What are the guideline values of other streets in Vallam?

Other streets in Vallam have varying guideline values, with rates ranging from Rs 150 to Rs 1,950 per sq.ft. The median value for the area is Rs 200 per sq.ft, which is the same as the guideline value for Subhsri Nagar.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft would incur a total of Rs 18,000 in fees.

Where is the Sub Registrar Office for Subhsri Nagar located?

The Sub Registrar Office that covers Subhsri Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, in the Chengalpattu registration zone.