Guideline Value for Subrabath Nagar

Subrabath Nagar guideline value

The current guideline value of Subrabath Nagar in Irunkattukottai village is Rs 400 per sq.ft, effective from the 2024 revision. This area falls under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Subrabath Nagar has changed

The guideline value for Subrabath Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 130 per sq.ft, which increased significantly to Rs 400 per sq.ft in the 2012 revision, marking a 208% rise. However, from 2012 to 2017, the value decreased by 33% to Rs 268 per sq.ft. The subsequent revisions from 2017 to 2023 saw an increase of 49%, bringing the value back to Rs 400 per sq.ft.

The most recent revision in 2024 maintains the guideline value at Rs 400 per sq.ft, indicating no change from the previous year. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,250 per sq.ft. The median value is Rs 400 per sq.ft, which is equal to the current guideline value of Subrabath Nagar.

• Star Avenue: Rs 600 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 500 per sq.ft (2024)
• Thiruvalluvar Street: Rs 400 per sq.ft (2024)
• Sri Kamacthi Nagar: Rs 600 per sq.ft (2024)
• Sri Gajalaxmi Nagar: Rs 400 per sq.ft (2024)
• Sivan Koil Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Subrabath Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subrabath Nagar?

The Sub Registrar Office that covers Subrabath 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 information.

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

The guideline value is a crucial factor when registering property transactions in Irunkattukottai. It serves as a benchmark for determining the stamp duty and registration fees payable during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It is important for both buyers and sellers to be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Subrabath Nagar?

The current guideline value of Subrabath Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 130 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, before returning to Rs 400 per sq.ft in 2023 and 2024.

What is the land classification of Subrabath Nagar?

Subrabath Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the registration fees for property transactions?

The registration fees include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Subrabath Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.