Guideline Value for Subramania Swamy Nagar

Subramania Swamy Nagar guideline value

The current guideline value of Subramania Swamy Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Subramania Swamy Nagar has changed

The guideline value for Subramania Swamy Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 871 per sq.ft, which increased to Rs 1,300 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the value at Rs 1,430 per sq.ft, reflecting a further increase of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO, with guideline values ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, making the guideline value of Subramania Swamy Nagar below this median.

• Subhiksham: Rs 1,810 per sq.ft (2024)
• Subbarayan Nagar: Rs 1,430 per sq.ft (2024)
• Subasree Nagar: Rs 1,430 per sq.ft (2024)
• Subam Avenue Phase-II: Rs 2,860 per sq.ft (2024)
• Subam Avenue Phase-I: Rs 2,860 per sq.ft (2024)
• Sun city: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Subramania Swamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would amount to Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total to Rs 1,28,700. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subramania Swamy Nagar?

The Sub Registrar Office that covers Subramania Swamy Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value plays a crucial role in the registration process when buying or selling property in Kunrathour-B. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Subramania Swamy Nagar?

The current guideline value of Subramania Swamy Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 1,300 per sq.ft in 2023 to Rs 1,430 per sq.ft in 2024, which is a 10% increase. Overall, from 2017 to 2024, the value has increased by 64%.

Where can I find the registration office for Subramania Swamy Nagar?

The registration office for Subramania Swamy Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value in Kunrathour-B?

The median guideline value in Kunrathour-B is Rs 1,540 per sq.ft. The guideline value of Subramania Swamy Nagar is below this median.

How is stamp duty calculated for properties in Subramania Swamy Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,00,100.