Guideline Value

Corporate

Guideline Value for Dr. Subbarayan Nagar 2nd Street

₹7000/sq.ft.

The guideline value for Dr. Subbarayan Nagar 2nd 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 2nd Street

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Dr. Subbarayan Nagar 2nd Street guideline value

The current guideline value of Dr. Subbarayan Nagar 2nd Street is Rs 7,000 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the jurisdiction of the Ashok Nagar SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Dr. Subbarayan Nagar 2nd Street has changed

The guideline value for Dr. Subbarayan Nagar 2nd Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 1,460 per sq.ft. This increased significantly by 345% to Rs 6,500 per sq.ft in 2012. However, from 2012 to 2017, the value decreased by 33% to Rs 4,355 per sq.ft. The value then rose by 49% to Rs 6,500 per sq.ft in 2023, and finally increased by 8% to the current rate of Rs 7,000 per sq.ft in 2024.

The register does not contain figures for the years 2002 and 2003 for this street.

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 is Rs 4,900 per sq.ft, making the current value of Dr. Subbarayan Nagar 2nd Street above the median.

Stamp duty and registration fee for property in Dr. Subbarayan Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,000 per sq.ft, the total guideline value would be Rs 70,00,000. The stamp duty at 7% would amount to Rs 4,90,000, and the registration fee at 2% would be Rs 1,40,000. Together, the total cost for these fees would be Rs 6,30,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. Subbarayan Nagar 2nd Street?

The Sub Registrar Office that covers Dr. Subbarayan Nagar 2nd Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kodambakkam. It serves as a benchmark for determining the minimum value at which properties must be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dr. Subbarayan Nagar 2nd Street?

The current guideline value of Dr. Subbarayan Nagar 2nd 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 the years.

What is the land classification for Dr. Subbarayan Nagar 2nd Street?

The land classification for Dr. Subbarayan Nagar 2nd Street is Residential Special Type - III.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, which is lower than the current value of Dr. Subbarayan Nagar 2nd Street.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Dr. Subbarayan Nagar 2nd Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.