Guideline Value

Corporate

Guideline Value for Dr. Subbarayan Nagar 5th Street

₹7000/sq.ft.

The guideline value for Dr. Subbarayan Nagar 5th 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 N/A
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 5th Street

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Dr. Subbarayan Nagar 5th Street guideline value

The current guideline value of Dr. Subbarayan Nagar 5th 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 5th Street has changed

Over the years, the guideline value for Dr. Subbarayan Nagar 5th Street has seen significant changes. The 2007 revision recorded a value of Rs 1,460 per sq.ft, which increased to Rs 4,355 per sq.ft in 2017, marking a substantial rise of 198%. Following this, the value continued to rise to Rs 6,500 per sq.ft in 2023, representing a 49% increase from the previous revision. The most recent revision in 2024 has set the guideline value at Rs 7,000 per sq.ft, reflecting an 8% increase from 2023.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by 379%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value 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 5th Street's 2024 figure above the median.

Stamp duty and registration fee for property in Dr. Subbarayan Nagar 5th 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, and the registration fee at 2% would be Rs 1,40,000, bringing the total cost for these fees to 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr. Subbarayan Nagar 5th Street?

The Sub Registrar Office that covers Dr. Subbarayan Nagar 5th 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 an important factor in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When a property transaction occurs, the guideline value helps determine the official value of the property for tax purposes. Buyers and sellers must be aware of this value to accurately estimate the total costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Dr. Subbarayan Nagar 5th Street?

The current guideline value of Dr. Subbarayan Nagar 5th 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 significantly from Rs 1,460 per sq.ft in 2007 to Rs 7,000 per sq.ft in 2024, marking an overall increase of 379% over the years.

What are the stamp duty and registration fees for properties here?

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. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Ashok Nagar Sub Registrar Office covers Dr. Subbarayan Nagar 5th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, with Dr. Subbarayan Nagar 5th Street's 2024 figure of Rs 7,000 per sq.ft being above this median.