Guideline Value

Corporate

Guideline Value for Dr. Subbarayan Nagar 3rd Street

₹7000/sq.ft.

The guideline value for Dr. Subbarayan Nagar 3rd 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 3rd Street

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Dr. Subbarayan Nagar 3rd Street guideline value

The current guideline value of Dr. Subbarayan Nagar 3rd 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. The land classification for this area is Residential Special Type - III.

How the guideline value of Dr. Subbarayan Nagar 3rd Street has changed

Since the 2007 revision, the guideline value has seen significant changes. The 2007 revision set the value at Rs 1,460 per sq.ft, which then increased to Rs 6,500 per sq.ft in the 2012 revision. However, this marked a decrease of 33% from the previous value. The 2017 revision brought the value back up to Rs 4,355 per sq.ft, and from there, it surged to Rs 6,500 per sq.ft in 2023, reflecting a substantial increase of 49% over the six years.

The most recent revision in 2024 has further increased the guideline value to Rs 7,000 per sq.ft, marking an 8% rise from the 2023 figure. The register has no 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 in this area is Rs 4,900 per sq.ft, placing Dr. Subbarayan Nagar 3rd Street's 2024 value above this median.

Stamp duty and registration fee for property in Dr. Subbarayan Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,000 per sq.ft, the total guideline value amounts to Rs 70,00,000. The stamp duty at 7% would be Rs 4,90,000, while the registration fee at 2% would be Rs 1,40,000. Therefore, the total cost for stamp duty and registration fees would be Rs 6,30,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. Subbarayan Nagar 3rd Street?

The Ashok Nagar Sub Registrar Office covers Dr. Subbarayan Nagar 3rd Street. The office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Dr. Subbarayan Nagar 3rd Street?

The current guideline value of Dr. Subbarayan Nagar 3rd 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 experienced several revisions, starting 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 3rd Street?

The land classification for Dr. Subbarayan Nagar 3rd Street is Residential Special Type - III.

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 should I visit for transactions in Dr. Subbarayan Nagar 3rd Street?

The Ashok Nagar Sub Registrar Office is responsible for transactions in Dr. Subbarayan Nagar 3rd Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.