Guideline Value for PINJALA SUBRAMANIAN STREET

Pinjala Subramanian Street guideline value

The current guideline value of Pinjala Subramanian Street is Rs 17,600 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village under the Thiyagaraya nagar SRO and is classified as Commercial Special Type - III.

How the guideline value of Pinjala Subramanian Street has changed

Starting from the earliest revision, the guideline value in 2002 was Rs 3,459 per sq.ft. This increased to Rs 3,839 per sq.ft in 2003, reflecting a change of +11%. The value then rose to Rs 4,000 per sq.ft in 2007, marking a +4% increase. Following this, the value saw a significant jump to Rs 16,000 per sq.ft in 2012, which was a +300% increase. However, it decreased to Rs 10,720 per sq.ft in 2017, showing a decline of -33%. The value then increased to Rs 16,000 per sq.ft in 2023, and most recently, it has risen to Rs 17,600 per sq.ft in 2024, representing a +10% change.

Overall, from 2002 to 2024, the guideline value has increased by +409%. There are no figures available for any revisions prior to 2002 or any other years not mentioned in the register.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with guideline values for 2024 ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value is Rs 11,000 per sq.ft, placing Pinjala Subramanian Street's 2024 figure above this median.

• Pilliar Koil Street: Rs 4,400 per sq.ft (2024)
• Police Quarters Road: Rs 5,500 per sq.ft (2024)
• Porur Somasundaram Street: Rs 8,300 per sq.ft (2024)
• Prakasam Ist Lane: Rs 6,600 per sq.ft (2024)
• Prakasam Ist Street: Rs 8,300 per sq.ft (2024)
• Prakasam Road: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pinjala Subramanian Street

For a 1,000 sq.ft plot at the current rate of Rs 17,600 per sq.ft, the guideline value amounts to Rs 1,76,00,000. The stamp duty at 7% would be Rs 12,32,000, and the registration fee at 2% would be Rs 3,52,000, totaling Rs 15,84,000. 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 Pinjala Subramanian Street?

The Sub Registrar Office covering Pinjala Subramanian Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Tnagar. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Pinjala Subramanian Street?

The current guideline value of Pinjala Subramanian Street is Rs 17,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 3,459 per sq.ft in 2002 to Rs 17,600 per sq.ft in 2024, reflecting an overall increase of +409%.

What is the classification of Pinjala Subramanian Street?

Pinjala Subramanian Street is classified as Commercial Special Type - III under the guideline value register.

Where can I find the Sub Registrar Office for Pinjala Subramanian Street?

The Sub Registrar Office for Pinjala Subramanian Street is located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

How is stamp duty calculated for properties in Pinjala Subramanian Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current rate, the total stamp duty and registration fees would amount to Rs 15,84,000.