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Guideline Value

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Guideline Value for Dr. Subbarayan Nagar 6th 1st Cross Street

₹7000/sq.ft.

The guideline value for Dr. Subbarayan Nagar 6th 1st Cross 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 6th 1st Cross Street

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Dr. Subbarayan Nagar 6th 1st Cross Street guideline value

The current guideline value for Dr. Subbarayan Nagar 6th 1st Cross 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 street is Residential Special Type - III.

How the guideline value of Dr. Subbarayan Nagar 6th 1st Cross Street has changed

The guideline value for Dr. Subbarayan Nagar 6th 1st Cross Street has seen significant changes over the years. In 2007, the value was Rs 1,460 per sq.ft, which increased to Rs 6,500 per sq.ft in 2012. However, it dropped to Rs 4,355 per sq.ft in 2017. The value then rose sharply to Rs 6,500 per sq.ft in 2023, before reaching the current rate of Rs 7,000 per sq.ft in 2024.

From 2017 to 2023, the value increased by 49%, followed by an 8% rise from 2023 to 2024. The overall change from 2007 to 2024 is a notable increase of 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 with a 2024 guideline value range from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, making the current value of Dr. Subbarayan Nagar 6th 1st Cross Street above that median.

Stamp duty and registration fee for property in Dr. Subbarayan Nagar 6th 1st Cross 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 to Rs 6,30,000. Please note that the 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 6th 1st Cross Street?

The Sub Registrar Office that covers Dr. Subbarayan Nagar 6th 1st Cross 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 information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the actual sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Dr. Subbarayan Nagar 6th 1st Cross Street?

The current guideline value for Dr. Subbarayan Nagar 6th 1st Cross 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, starting from Rs 1,460 per sq.ft in 2007, rising to Rs 6,500 in 2012, dropping to Rs 4,355 in 2017, and increasing to Rs 6,500 in 2023 before reaching Rs 7,000 in 2024.

What is the land classification for this street?

The land classification for Dr. Subbarayan Nagar 6th 1st Cross Street is Residential Special Type - III.

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

The Ashok Nagar Sub Registrar Office covers Dr. Subbarayan Nagar 6th 1st Cross Street and is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the actual sale price of the property. For example, if the guideline value is Rs 70,00,000, the stamp duty would be calculated on this amount if it is higher than the sale price.