Guideline Value

Corporate

Guideline Value for Dr. Subbarayan Nagar 8th Street

₹7000/sq.ft.

The guideline value for Dr. Subbarayan Nagar 8th 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 Street

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Dr. Subbarayan Nagar 8th Street guideline value

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

Over the years, the guideline value of Dr. Subbarayan Nagar 8th Street has seen significant changes. The 2007 revision recorded a guideline value of Rs 1,460 per sq.ft, which increased dramatically to Rs 6,500 per sq.ft in 2012, marking a rise of 345%. However, this figure decreased by 33% to Rs 4,355 per sq.ft in 2017. The value then rose again to Rs 6,500 per sq.ft in 2023, before reaching the current value of Rs 7,000 per sq.ft in 2024, reflecting an 8% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 379%. It is important to note that 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 with 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 Street's 2024 value above this median.

Stamp duty and registration fee for property in Dr. Subbarayan Nagar 8th 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, totaling Rs 6,30,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

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

The Sub Registrar Office that covers Dr. Subbarayan Nagar 8th 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 plays a crucial role when buying or selling property in Kodambakkam. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price of the property.

Understanding the guideline value is essential for ensuring compliance with local regulations and for accurately calculating the financial obligations associated with property transactions. This helps in avoiding any discrepancies during the registration process.

Frequently asked questions

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

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

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

The land classification for Dr. Subbarayan Nagar 8th Street is Residential Special Type - III.

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

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

How is stamp duty calculated for property transactions in Kodambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. It is important to consider this when planning a property transaction in Kodambakkam.