Guideline Value for Subramanya Bharathipuram Extn

Subramanya Bharathipuram Extn guideline value

The current guideline value of Subramanya Bharathipuram Extn is Rs 1,200 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - III.

How the guideline value of Subramanya Bharathipuram Extn has changed

Over the years, the guideline value for Subramanya Bharathipuram Extn has seen several revisions. The earliest recorded revision in 2007 set the value at Rs 500 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012, marking a 140% rise. However, the 2017 revision saw a decrease to Rs 804 per sq.ft, a drop of 33% from the previous value.

The most recent revision in 2023 brought the guideline value back up to Rs 1,200 per sq.ft, representing a 49% increase from the 2017 figure. Overall, from 2007 to 2023, the guideline value has increased by 140%. The register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Polacheri

Currently, there are no specific village figures provided for Polacheri. Subramanya Bharathipuram Extn is a part of this locality, and there are no other streets in Polacheri listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Subramanya Bharathipuram Extn

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subramanya Bharathipuram Extn?

The Sub Registrar Office that covers Subramanya Bharathipuram Extn is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Polacheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is registered.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and financial purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Subramanya Bharathipuram Extn?

The current guideline value of Subramanya Bharathipuram Extn is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 500 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then dropping to Rs 804 per sq.ft in 2017, and returning to Rs 1,200 per sq.ft in 2023.

What is the land classification for Subramanya Bharathipuram Extn?

Subramanya Bharathipuram Extn is classified as Residential Special Type - III.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 1,08,000.