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Guideline Value

Corporate

Guideline Value for Dr. Subbarayan Nagar 8th Cross Street

₹7000/sq.ft.

The guideline value for Dr. Subbarayan Nagar 8th 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 8th Cross Street

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Dr. Subbarayan Nagar 8th Cross Street guideline value

The current guideline value for Dr. Subbarayan Nagar 8th Cross 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 8th Cross Street has changed

The guideline value for Dr. Subbarayan Nagar 8th Cross 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 drop of 33%. The value rebounded to Rs 6,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 7,000 per sq.ft, reflecting an 8% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 379%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Dr. Subbarayan Nagar 8th Cross Street's 2024 figure above this median.

Stamp duty and registration fee for property in Dr. Subbarayan Nagar 8th 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 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, bringing the total cost 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. Subbarayan Nagar 8th Cross Street?

The Sub Registrar Office that covers Dr. Subbarayan Nagar 8th 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 crucial factor in property transactions in Kodambakkam. It serves as a reference for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with legal requirements.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Dr. Subbarayan Nagar 8th Cross Street?

The current guideline value of Dr. Subbarayan Nagar 8th 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 from Rs 1,460 per sq.ft in 2007 to Rs 7,000 per sq.ft in 2024, reflecting a significant overall increase of 379% over the years.

What are the registration office details for this street?

The Ashok Nagar Sub Registrar Office covers Dr. Subbarayan Nagar 8th Cross Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

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

Stamp duty for properties in Dr. Subbarayan Nagar 8th Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher. There is also a registration fee of 2% applicable.

What is the land classification for Dr. Subbarayan Nagar 8th Cross Street?

Dr. Subbarayan Nagar 8th Cross Street is classified as Residential Special Type - III, indicating its zoning for residential purposes.