Guideline Value for Subramanya Bharathipuram

Subramanya Bharathipuram guideline value

The current guideline value for Subramanya Bharathipuram is Rs 1,000 per sq.ft. This area is located in Ponmar village and falls under the Gooduvancheri SRO. The land classification is Residential Special Type - II.

How the guideline value of Subramanya Bharathipuram has changed

Since the 2007 revision, the guideline value for Subramanya Bharathipuram has seen significant changes. In 2007, the value was Rs 500 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2012 revision, marking a 100% increase. However, the value dropped to Rs 670 per sq.ft in the 2017 revision, a decrease of 33%. The most recent revision in 2023 restored the guideline value to Rs 1,000 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has doubled, increasing by 100%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Ponmar

Currently, there are no specific village figures available for Ponmar. The guideline value for Subramanya Bharathipuram stands at Rs 1,000 per sq.ft. There are no other streets in Ponmar listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Subramanya Bharathipuram

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, 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, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ponmar. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees payable by the buyer.

When a property is sold, the buyer must ensure that the sale price is either equal to or greater than the guideline value. This ensures compliance with local regulations and helps in the accurate calculation of the associated fees.

Frequently asked questions

What is the current guideline value of Subramanya Bharathipuram?

The current guideline value of Subramanya Bharathipuram is Rs 1,000 per sq.ft as per the latest revision in 2023.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and finally returned to Rs 1,000 per sq.ft in 2023.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot valued at Rs 10,00,000, the total fees would be Rs 90,000.

Which office handles property registration in Subramanya Bharathipuram?

The Gooduvancheri Sub Registrar Office handles property registration for Subramanya Bharathipuram, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there other streets in Ponmar with guideline values?

Currently, there are no other streets in Ponmar listed under the Gooduvancheri SRO, and no specific village figures are available.