Guideline Value

Corporate

Guideline Value for Dr. Subbarayan Nagar 4th Street

₹7000/sq.ft.

The guideline value for Dr. Subbarayan Nagar 4th 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 4th Street

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Dr. Subbarayan Nagar 4th Street guideline value

The current guideline value for Dr. Subbarayan Nagar 4th Street is Rs 7,000 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Dr. Subbarayan Nagar 4th Street has changed

The guideline value for Dr. Subbarayan Nagar 4th Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,460 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012. However, this figure decreased to Rs 4,355 per sq.ft in 2017. The 2023 revision set the value at Rs 6,500 per sq.ft, and the most recent revision in 2024 raised it to Rs 7,000 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 8%. The increase from 2007 to 2012 was a substantial 345%, but there was a decrease of 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has risen by 379%. 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 that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. Dr. Subbarayan Nagar 4th Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Dr. Subbarayan Nagar 4th Street

For a 1,000 sq.ft plot at the current rate of Rs 7,000 per sq.ft, the 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. Together, these charges amount to Rs 6,30,000. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Dr. Subbarayan Nagar 4th Street?

The Sub Registrar Office that covers Dr. Subbarayan Nagar 4th Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodambakkam. It determines the minimum value at which the property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value serves as a baseline for calculating stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Dr. Subbarayan Nagar 4th Street?

The current guideline value for Dr. Subbarayan Nagar 4th 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 are the other streets in Kodambakkam with the same guideline value?

Other streets in Kodambakkam with the same guideline value of Rs 7,000 per sq.ft include Dr. Subbarayan Nagar 3rd Street, 5th Street, 2nd Street, 6th 1st Cross Street, 1st Main Street, and 6th 2nd CrossStreet.

What are the registration fees based on the guideline value?

Registration fees are calculated based on the guideline value, which for Dr. Subbarayan Nagar 4th Street is Rs 7,000 per sq.ft. For a 1,000 sq.ft plot, the total registration cost would include stamp duty and registration fees, totaling Rs 6,30,000.

Which office handles the registration for Dr. Subbarayan Nagar 4th Street?

The registration for Dr. Subbarayan Nagar 4th Street is handled by the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.