Guideline Value for Subramanyam Nagar

Subramanyam Nagar guideline value

The current guideline value of Subramanyam Nagar is Rs 705 per sq.ft, effective from 1 July 2024. This area is located in Kuthanoor village and falls under the Gooduvancheri SRO, classified as Residential Class II Type - II.

How the guideline value of Subramanyam Nagar has changed

The guideline value for Subramanyam Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 110 per sq.ft. This increased significantly to Rs 700 per sq.ft in 2012, marking a 536% rise. However, it then fell to Rs 469 per sq.ft in 2017, a decrease of 33%. The value increased again to Rs 700 per sq.ft in 2023, and most recently, it has risen to Rs 705 per sq.ft in 2024, reflecting a 1% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 figure to the current 2024 value, the guideline value has increased by 541%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kuthanoor

Kuthanoor village features 30 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value in this area is Rs 800 per sq.ft, placing Subramanyam Nagar's 2024 figure below this median.

• Swetha Nagar: Rs 705 per sq.ft (2024)
• Sri Karumari Amman Nagar: Rs 1,800 per sq.ft (2024)
• Sri Devi Karumariamman Nagar-II: Rs 550 per sq.ft (2024)
• Sri Devi Karumariamman Nagar: Rs 550 per sq.ft (2024)
• Senthil Nagar Extn: Rs 800 per sq.ft (2024)
• Senthil Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Subramanyam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value would be Rs 7,05,000. The stamp duty at 7% would amount to Rs 49,350, while the registration fee at 2% would be Rs 14,100, bringing the total to Rs 63,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subramanyam Nagar?

The Sub Registrar Office that covers Subramanyam Nagar 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 Kuthanoor

The guideline value is a critical factor in property transactions in Kuthanoor, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

During the registration process, buyers and sellers must adhere to the guideline value, which helps maintain transparency and fairness in property transactions. This value is regularly updated to reflect changes in the market and local conditions.

Frequently asked questions

What is the current guideline value of Subramanyam Nagar?

The current guideline value of Subramanyam Nagar is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 110 per sq.ft in 2007 to Rs 705 per sq.ft in 2024, reflecting an overall increase of 541% over the years.

What are the other streets in Kuthanoor with their guideline values?

Other streets in Kuthanoor include Swetha Nagar at Rs 705 per sq.ft, Sri Karumari Amman Nagar at Rs 1,800 per sq.ft, and several others with values ranging from Rs 550 to Rs 800 per sq.ft in 2024.

What fees are applicable for property registration in Subramanyam Nagar?

For a property in Subramanyam Nagar, the stamp duty is 7% of the guideline value, and the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Subramanyam Nagar?

The Gooduvancheri Sub Registrar Office covers Subramanyam Nagar and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.