Guideline Value

Corporate

Guideline Value for Dr. Subbarayan Nagar 6th Street

₹7000/sq.ft.

The guideline value for Dr. Subbarayan Nagar 6th 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 Street

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Dr. Subbarayan Nagar 6th Street guideline value

The current guideline value of Dr. Subbarayan Nagar 6th 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, and is classified as Residential Special Type - III.

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

The guideline value for Dr. Subbarayan Nagar 6th Street has seen several revisions over the years. In 2007, the value was Rs 1,460 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012, marking a rise of 345%. However, it then decreased to Rs 4,355 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 6,500 per sq.ft in 2023, and currently stands at Rs 7,000 per sq.ft as of the 2024 revision, reflecting an increase of 8% from the previous year.

Notably, the register has no figures for the years 2002 and 2003 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 varying guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, indicating that Dr. Subbarayan Nagar 6th Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Dr. Subbarayan Nagar 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,000 per sq.ft, the total guideline value would be Rs 70,00,000. The stamp duty at 7% would amount to Rs 4,90,000, and the registration fee at 2% would be Rs 1,40,000, totaling Rs 6,30,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dr. Subbarayan Nagar 6th Street?

Dr. Subbarayan Nagar 6th Street falls under 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 plays a crucial role during the registration of property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction is recorded accurately and that the appropriate taxes are collected by the government. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Dr. Subbarayan Nagar 6th Street?

The current guideline value of Dr. Subbarayan Nagar 6th Street is Rs 7,000 per sq.ft, effective from 1 July 2024.

How much 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 stamp duty and registration fees for properties 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 office handles the registration for Dr. Subbarayan Nagar 6th Street?

The Ashok Nagar Sub Registrar Office handles the registration for Dr. Subbarayan Nagar 6th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors including land classification and locality trends. It is revised periodically to reflect changes in the real estate market.