Guideline Value

Corporate

Guideline Value for Dr. Subbarayan Nagar 1st Main Street

₹7000/sq.ft.

The guideline value for Dr. Subbarayan Nagar 1st Main Street in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 7000 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodambakkam

Village

Ashok Nagar

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹7000 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1460 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561082
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Dr. Subbarayan Nagar 1st Main Street

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Dr. Subbarayan Nagar 1st Main Street guideline value

The current guideline value of Dr. Subbarayan Nagar 1st Main Street is Rs 7,000 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, with a land classification of Residential Special Type - III.

How the guideline value of Dr. Subbarayan Nagar 1st Main Street has changed

Over the years, the guideline value of Dr. Subbarayan Nagar 1st Main Street has seen significant changes. In the 2007 revision, the value was Rs 1,460 per sq.ft, which increased to Rs 6,500 per sq.ft in 2012. However, it decreased to Rs 4,355 per sq.ft in 2017. The 2023 revision marked an increase to Rs 6,500 per sq.ft, and the latest revision in 2024 set the value at Rs 7,000 per sq.ft. The register has no figure for this street in 2002 and 2003.

From 2007 to 2012, the guideline value increased by 345%. However, from 2012 to 2017, it decreased by 33%. The value then rose by 49% from 2017 to 2023, and subsequently increased by 8% from 2023 to 2024. Overall, the guideline value has increased by 379% from 2007 to 2024.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, making the current value of Dr. Subbarayan Nagar 1st Main Street above that median.

Stamp duty and registration fee for property in Dr. Subbarayan Nagar 1st Main Street

For a 1,000 sq.ft plot at the current rate of Rs 7,000 per sq.ft, the guideline value is Rs 70,00,000. The stamp duty at 7% would be Rs 4,90,000, and the registration fee at 2% would be Rs 1,40,000, totaling Rs 6,30,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Dr. Subbarayan Nagar 1st Main Street?

The Sub Registrar Office that covers Dr. Subbarayan Nagar 1st Main Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Kodambakkam. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both buyers and sellers. It also provides transparency in property dealings, helping to prevent undervaluation or overvaluation during sales.

Frequently asked questions

What is the current guideline value of Dr. Subbarayan Nagar 1st Main Street?

The current guideline value of Dr. Subbarayan Nagar 1st Main Street is Rs 7,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,460 per sq.ft in 2007 to Rs 7,000 per sq.ft in 2024, reflecting an overall increase of 379% over this period.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 70,00,000, the stamp duty would be Rs 4,90,000, and the registration fee would be Rs 1,40,000, totaling Rs 6,30,000.

Which Sub Registrar Office covers this street?

The Ashok Nagar Sub Registrar Office covers Dr. Subbarayan Nagar 1st Main Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of Dr. Subbarayan Nagar 1st Main Street?

The land classification for Dr. Subbarayan Nagar 1st Main Street is Residential Special Type - III, indicating its suitability for residential development.