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Guideline Value

Corporate

Guideline Value for Dr. Subbarayan Nagar 6th 2nd CrossStreet

₹7000/sq.ft.

The guideline value for Dr. Subbarayan Nagar 6th 2nd Crossstreet 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 2nd Crossstreet

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Dr. Subbarayan Nagar 6th 2nd CrossStreet guideline value

The current guideline value for Dr. Subbarayan Nagar 6th 2nd CrossStreet is Rs 7,000 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Special Type - III.

How the guideline value of Dr. Subbarayan Nagar 6th 2nd CrossStreet has changed

In the 2007 revision, the guideline value was Rs 1,460 per sq.ft. This saw a significant increase to Rs 6,500 per sq.ft in the 2012 revision, marking a rise of 345%. However, in 2017, the value dropped to Rs 4,355 per sq.ft, reflecting a decrease of 33%. The 2023 revision brought the value back up to Rs 6,500 per sq.ft, and the latest revision in 2024 set it at Rs 7,000 per sq.ft, an increase of 8% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 379%. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

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 value is Rs 4,900 per sq.ft, placing Dr. Subbarayan Nagar 6th 2nd CrossStreet above this median.

Stamp duty and registration fee for property in Dr. Subbarayan Nagar 6th 2nd CrossStreet

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 to Rs 6,30,000. Please 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 6th 2nd CrossStreet?

The Sub Registrar Office that covers Dr. Subbarayan Nagar 6th 2nd CrossStreet 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 crucial factor in the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the agreed sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Dr. Subbarayan Nagar 6th 2nd CrossStreet?

The current guideline value for Dr. Subbarayan Nagar 6th 2nd CrossStreet is Rs 7,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,460 per sq.ft to Rs 7,000 per sq.ft in 2024, marking a total increase of 379% over the years.

What is the land classification for this street?

Dr. Subbarayan Nagar 6th 2nd CrossStreet is classified as 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 2nd CrossStreet, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 70,00,000, the stamp duty at 7% would be Rs 4,90,000.