Guideline Value for Inspector Subayarayalu Street

Inspector Subayarayalu Street guideline value

The current guideline value of Inspector Subayarayalu Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village and falls under the Royapuram Sub Registrar Office (SRO). The land classification for this street is Residential Class I Type - I.

How the guideline value of Inspector Subayarayalu Street has changed

Over the years, the guideline value for Inspector Subayarayalu Street has seen significant changes. The 2007 revision set the value at Rs 700 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012, marking a substantial increase of 186%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, a reduction of 33%. The 2017 revision then raised the value to Rs 2,000 per sq.ft in 2023, followed by another increase to Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% rise.

Notably, the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, there has been a remarkable increase of 214% in the guideline value.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. Inspector Subayarayalu Street's current value of Rs 2,200 per sq.ft is above this median.

• Islambada: Rs 1,300 per sq.ft (2024)
• Jaganathan Street: Rs 2,200 per sq.ft (2024)
• Idream Mandra: Rs 6,000 per sq.ft (2024)
• Jasvath street: Rs 1,300 per sq.ft (2024)
• Harinarayanapuram Main Street: Rs 1,300 per sq.ft (2024)
• Harinarayanapuram 5th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Inspector Subayarayalu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty, charged at 7%, would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Inspector Subayarayalu Street?

The Inspector Subayarayalu Street falls under the jurisdiction of the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the minimum value at which property transactions must be registered.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Inspector Subayarayalu Street?

The current guideline value of Inspector Subayarayalu Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 214% over this period.

What is the land classification for Inspector Subayarayalu Street?

Inspector Subayarayalu Street is classified as Residential Class I Type - I.

Where can I find the Royapuram Sub Registrar Office?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,98,000.