Guideline Value for Subramanyapuram

Subramanyapuram guideline value

The current guideline value of Subramanyapuram, located in Kavanur village under the Gooduvancheri SRO, is Rs 600 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Subramanyapuram has changed

Over the years, the guideline value for Subramanyapuram has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 60 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2012, marking a remarkable rise of 900%. However, in the subsequent revision of 2017, the value dropped to Rs 402 per sq.ft, a decrease of 33%. The value remained stable at Rs 600 per sq.ft in both 2012 and 2023. As of the 2024 revision, the guideline value remains unchanged at Rs 600 per sq.ft, reflecting a 0% change from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 900%.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, placing Subramanyapuram's 2024 figure below that median.

• Sukra Nagar: Rs 800 per sq.ft (2024)
• Sundarambal Avenue: Rs 600 per sq.ft (2024)
• Sri Vigneshwarar Nagar: Rs 600 per sq.ft (2024)
• Sri Varalakshmi Nagar Extension: Rs 1,000 per sq.ft (2024)
• Sri Varalakshmi Nagar: Rs 600 per sq.ft (2024)
• Sri Sai Santhi Nagar Phase -II: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Subramanyapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the 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 Subramanyapuram?

The Sub Registrar Office that covers Subramanyapuram 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 Kavanur

The guideline value is a crucial factor in the registration process when buying or selling property in Kavanur. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of ownership. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Subramanyapuram?

The current guideline value of Subramanyapuram is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most notable increase from Rs 60 per sq.ft in 2007 to Rs 600 per sq.ft in 2012. It has remained at Rs 600 per sq.ft since 2012, with no change from 2023 to 2024.

What are the other streets in Kavanur and their guideline values?

Other streets in Kavanur include Sukra Nagar at Rs 800 per sq.ft, Sundarambal Avenue at Rs 600 per sq.ft, and Sri Vigneshwarar Nagar at Rs 600 per sq.ft, among others.

What fees are associated with buying property in Subramanyapuram?

When buying property in Subramanyapuram, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 6,00,000, the total fees would be Rs 54,000.

Where can I find the Sub Registrar Office for Subramanyapuram?

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