Guideline Value

Corporate

Guideline Value for A.V.SUBBARAO STREET

₹2200/sq.ft.

The guideline value for A.v.subbarao Street in Palavakkam village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavakkam

Village

Neelankarai

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹355 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on A.v.subbarao Street

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A.V.Subbarao Street guideline value

The current guideline value of A.V.Subbarao Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Palavakkam village, under the Neelankarai SRO, and falls under the Residential Class IV Type - I land classification.

How the guideline value of A.V.Subbarao Street has changed

The guideline value for A.V.Subbarao Street has seen several revisions over the years. In 2003, the guideline value was Rs 355 per sq.ft, which increased to Rs 700 per sq.ft in 2007, marking a significant rise of 97%. The value then jumped to Rs 2,000 per sq.ft in 2012, reflecting a remarkable increase of 186%. However, it decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase to Rs 2,000 per sq.ft in 2023, followed by another rise to Rs 2,200 per sq.ft in 2024, which is a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 520%. The register does not contain any figures for A.V.Subbarao Street for the year 2002.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing A.V.Subbarao Street's 2024 guideline value below this median.

Stamp duty and registration fee for property in A.V.Subbarao Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Please 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 information.

Which Sub Registrar Office covers A.V.Subbarao Street?

A.V.Subbarao Street falls under the jurisdiction of the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Palavakkam. It serves as a reference point to determine the minimum price at which a property can be registered, ensuring transparency and fairness in property transactions.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures that all transactions are in compliance with the regulations set by the local authorities.

Frequently asked questions

What is the current guideline value of A.V.Subbarao Street?

The current guideline value of A.V.Subbarao Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 355 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 520% over this period.

What is the land classification of A.V.Subbarao Street?

A.V.Subbarao Street is classified as Residential Class IV Type - I, which indicates its use for residential purposes.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at a rate of 7%.