Guideline Value for Subrabath Nagar

Subrabath Nagar guideline value

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

How the guideline value of Subrabath Nagar has changed

Over the years, the guideline value of Subrabath Nagar has seen several revisions. The earliest recorded figure was Rs 50 per sq.ft in 2007. This value increased significantly to Rs 300 per sq.ft in 2012, marking a 500% rise. However, it then decreased to Rs 201 per sq.ft in 2017, a drop of 33%. The value remained at Rs 300 per sq.ft during the 2023 revision and continues to be Rs 300 per sq.ft in the 2024 revision, showing no change from the previous year.

The revisions for the years 2002 and 2003 do not have figures recorded for Subrabath Nagar. The overall increase from the 2007 figure to the current 2024 value is 500%.

Guideline values in Pennaloor

Pennaloor village has 35 streets under the Sriperumpudur SRO, with 2024 guideline values ranging from Rs 100 to Rs 1,200 per sq.ft. The median value is Rs 200 per sq.ft, placing Subrabath Nagar's 2024 guideline value above this median.

• Theepanjiyamman Koil Street: Rs 100 per sq.ft (2024)
• Theruveedhiyamman Koil Street: Rs 100 per sq.ft (2024)
• Selliyamman Koil Street: Rs 100 per sq.ft (2024)
• Sathya Prabhu Nagar: Rs 200 per sq.ft (2024)
• Sathyamurthy Street: Rs 100 per sq.ft (2024)
• Ramanjuar Nagar: Rs 500 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 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subrabath Nagar?

Subrabath Nagar falls under 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 Pennaloor

The guideline value plays a crucial role in the registration process of property transactions in Pennaloor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the guideline value or the sale price, whichever is higher. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Subrabath Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017, and has remained at Rs 300 per sq.ft in both 2023 and 2024.

What are the guideline values of other streets in Pennaloor?

Other streets in Pennaloor have varying guideline values, with rates ranging from Rs 100 to Rs 1,200 per sq.ft. Subrabath Nagar's value of Rs 300 per sq.ft is above the median value of Rs 200 per sq.ft in the village.

How is stamp duty calculated for properties in Subrabath Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 21,000 based on the guideline value.

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

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