Guideline Value for Subramania Bharathiar Cross Street

Subramania Bharathiar Cross Street guideline value

The current guideline value of Subramania Bharathiar Cross Street is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Naravarikuppam village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Subramania Bharathiar Cross Street has changed

The guideline value for Subramania Bharathiar Cross Street has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 1,700 per sq.ft in 2012. However, in 2017, it dropped to Rs 1,139 per sq.ft. The value then rose to Rs 1,700 per sq.ft in 2023, before reaching the current figure of Rs 1,870 per sq.ft in 2024.

Between the revisions, the changes were notable. From 2007 to 2012, there was a remarkable increase of 240%. The value then decreased by 33% from 2012 to 2017. Following this, there was a substantial increase of 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 274%. The register has no figure for the years 2002 and 2003 for this street.

Guideline values in Naravarikuppam

In Naravarikuppam, there are 112 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median of Rs 1,650 per sq.ft. The guideline value of Subramania Bharathiar Cross Street is above this median.

• Subramani Bharathiyar Street: Rs 1,870 per sq.ft (2024)
• Sri Ram Garden: Rs 2,200 per sq.ft (2024)
• Thanthai Periar Cross Street: Rs 1,650 per sq.ft (2024)
• Thanthai Periyar Street: Rs 1,320 per sq.ft (2024)
• Thiru.Vi.Ka. Street: Rs 3,300 per sq.ft (2024)
• Thirvalluvar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Subramania Bharathiar Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, making the total fees together Rs 1,68,300. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subramania Bharathiar Cross Street?

The Sub Registrar Office that covers Subramania Bharathiar Cross Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

When buying or selling property in Naravarikuppam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and is used as a basis for calculating these fees during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in property transactions.

Frequently asked questions

What is the current guideline value of Subramania Bharathiar Cross Street?

The current guideline value of Subramania Bharathiar Cross Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,870 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Subramania Bharathiar Cross Street?

Subramania Bharathiar Cross Street is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total guideline value is Rs 18,70,000, leading to a stamp duty of Rs 1,30,900 and a registration fee of Rs 37,400, totaling Rs 1,68,300.

Which office handles registrations for properties in Naravarikuppam?

The Redhills Sub Registrar Office handles registrations for properties in Naravarikuppam, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.