Guideline Value for Subramanya Bharathipuram

Subramanya Bharathipuram guideline value

The current guideline value of Subramanya Bharathipuram is Rs 1,200 per sq.ft. This area is located in Polacheri village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Subramanya Bharathipuram has changed

Over the years, the guideline value of Subramanya Bharathipuram has undergone several revisions. The earliest recorded revision in 2007 set the guideline value at Rs 500 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in the 2012 revision, marking a 140% rise. However, the 2017 revision saw a decrease to Rs 804 per sq.ft, which was a 33% drop from the previous value. The most recent revision in 2023 returned the guideline value to Rs 1,200 per sq.ft, reflecting a 49% increase from the 2017 figure.

It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street. Overall, from 2007 to 2023, the guideline value has increased by 140%.

Guideline values in Polacheri

Currently, there are no specific village figures available for Polacheri. Subramanya Bharathipuram is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Polacheri provided in the data.

Stamp duty and registration fee for property in Subramanya Bharathipuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total cost Rs 1,08,000. 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 Subramanya Bharathipuram?

The Sub Registrar Office that covers Subramanya Bharathipuram 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 in the registration process of property transactions in Polacheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for legal purposes.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Subramanya Bharathipuram?

The current guideline value of Subramanya Bharathipuram 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 significantly over the years, from Rs 500 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreasing to Rs 804 per sq.ft in 2017, and finally returning to Rs 1,200 per sq.ft in 2023.

What are the stamp duty and registration fees in Subramanya Bharathipuram?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Subramanya Bharathipuram?

The Gooduvancheri Sub Registrar Office handles property registrations in Subramanya Bharathipuram. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets in Polacheri with guideline values?

Currently, there are no other streets in Polacheri listed with guideline values. Subramanya Bharathipuram is the only street mentioned under the Gooduvancheri SRO.