Guideline Value

Corporate

Guideline Value for Dr. Subbarayan Nagar 7th Street

₹7000/sq.ft.

The guideline value for Dr. Subbarayan Nagar 7th 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 7th Street

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Dr. Subbarayan Nagar 7th Street guideline value

The current guideline value of Dr. Subbarayan Nagar 7th 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 7th Street has changed

The guideline value for Dr. Subbarayan Nagar 7th Street has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 1,460 per sq.ft. This figure increased significantly to Rs 6,500 per sq.ft in 2012, marking a rise of 345%. However, between 2012 and 2017, the value decreased to Rs 4,355 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 6,500 per sq.ft in 2023, an increase of 49%. The most recent revision in 2024 has set the guideline value at Rs 7,000 per sq.ft, which is an 8% increase from the previous year.

It is important to note that 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 guideline values 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 7th Street's 2024 figure above this median.

Stamp duty and registration fee for property in Dr. Subbarayan Nagar 7th 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, and the registration fee at 2% would be Rs 1,40,000. Together, these fees total Rs 6,30,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr. Subbarayan Nagar 7th Street?

The Sub Registrar Office that covers Dr. Subbarayan Nagar 7th Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value plays a crucial role in the property registration process in Kodambakkam. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that must be paid. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, ensuring that the state receives its due revenue from property transactions.

Understanding the guideline value is essential for both buyers and sellers, as it directly impacts the overall cost of property transactions. It is advisable to check the latest guideline values before proceeding with any property dealings to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Dr. Subbarayan Nagar 7th Street?

The current guideline value of Dr. Subbarayan Nagar 7th 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 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 Sub Registrar Office is responsible for this street?

The Ashok Nagar Sub Registrar Office is responsible for Dr. Subbarayan Nagar 7th 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 7th Street's value being above this median at Rs 7,000 per sq.ft.