Guideline Value for Subrabath Nagar

Subrabath Nagar guideline value

The current guideline value of Subrabath Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Irunkattukottai_B village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Subrabath Nagar has changed

Since the 2017 revision, the guideline value for Subrabath Nagar has increased from Rs 268 per sq.ft to Rs 400 per sq.ft in the 2024 revision, marking a 49% increase. The 2023 revision also listed the value at Rs 400 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The guideline value has remained steady at Rs 400 per sq.ft from 2023 to 2024, while the increase from 2017 to 2023 was significant at 49%.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which is equal to the 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 rate of Rs 400 per sq.ft, the guideline value would be 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, totaling 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 accurate calculations.

Which Sub Registrar Office covers Subrabath Nagar?

Subrabath Nagar falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an important factor in the registration process when buying or selling property in Irunkattukottai_B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the transaction is registered at a value that reflects the official rates set by the government. This helps in maintaining transparency and standardization in 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 increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2024, reflecting a 49% increase over this period.

What are the other streets with guideline values in Irunkattukottai_B?

Other streets in Irunkattukottai_B include Star Avenue at Rs 600 per sq.ft, Thiruvalluvar Nagar at Rs 500 per sq.ft, and several others with values ranging from Rs 400 to Rs 600 per sq.ft.

What is the registration fee for property in Subrabath Nagar?

The registration fee is calculated based on the guideline value. For a plot valued at Rs 4,00,000, the registration fee would be Rs 8,000 at a rate of 2%.

Where can I find my Sub Registrar Office?

The Sub Registrar Office covering Subrabath Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information by visiting the provided link.