Guideline Value for North Subramaniyar Koil 1st St.

North Subramaniyar Koil 1st St. guideline value

The current guideline value of North Subramaniyar Koil 1st St. in Zaminpallavaram village is Rs 2,160 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class III Type - I.

How the guideline value of North Subramaniyar Koil 1st St. has changed

The guideline value for North Subramaniyar Koil 1st St. has undergone several revisions over the years. In 2003, the guideline value was Rs 153 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007, marking a rise of 292%. The value then saw a substantial jump to Rs 2,000 per sq.ft in 2012, reflecting an increase of 233%. However, it decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The 2023 revision brought the value back up to Rs 2,000 per sq.ft, followed by an increase to Rs 2,160 per sq.ft in 2024, which is an 8% rise.

Overall, from 2003 to 2024, the guideline value has increased by 1312%. The register has no figure for this street in 2002.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft as of 2024. The median guideline value in the village is Rs 3,300 per sq.ft, indicating that North Subramaniyar Koil 1st St.'s current value is below this median.

• North Sanjay Gandhi Nagar: Rs 2,100 per sq.ft (2024)
• North Dharka Road: Rs 2,750 per sq.ft (2024)
• Odai Street: Rs 3,300 per sq.ft (2024)
• Nilagandan 2nd Cross Street: Rs 2,750 per sq.ft (2024)
• Nilagandan 1st Cross Street: Rs 2,750 per sq.ft (2024)
• Omanathapillai Avenue P.t.1: Rs 2,100 per sq.ft (2024)

Stamp duty and registration fee for property in North Subramaniyar Koil 1st St.

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would amount to Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, bringing the total to Rs 1,94,400. 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 accurate calculations.

Which Sub Registrar Office covers North Subramaniyar Koil 1st St.?

The North Subramaniyar Koil 1st St. is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Zaminpallavaram. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction. The guideline value is set by the Registration Department and is updated periodically to reflect changes in the real estate market.

When buying or selling property, it is essential to be aware of the current guideline value, as this will impact the overall costs associated with the transaction. Buyers should ensure that they are informed about the latest revisions to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of North Subramaniyar Koil 1st St.?

The current guideline value of North Subramaniyar Koil 1st St. is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 153 per sq.ft in 2003 to Rs 2,160 per sq.ft in 2024, reflecting significant increases and a few decreases over the years.

What is the median guideline value for streets in Zaminpallavaram?

The median guideline value for streets in Zaminpallavaram is Rs 3,300 per sq.ft, which is higher than the current value of North Subramaniyar Koil 1st St.

Where can I find the Pallavaram Sub Registrar Office?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for property in North Subramaniyar Koil 1st St.?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 1,51,200.