Guideline Value

Corporate

Guideline Value for SUBAGIRI NAGAR

₹1980/sq.ft.

The guideline value for Subagiri Nagar in Thundalam village (Chennai South Joint I SRO, Chennai zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thundalam

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹650 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Subagiri Nagar

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Subagiri Nagar guideline value

The current guideline value of Subagiri Nagar, located in Thundalam village, is Rs 1,980 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Subagiri Nagar has changed

The guideline value for Subagiri Nagar has seen several revisions over the years. In 2007, the value was Rs 650 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 1,206 per sq.ft. The 2023 revision brought the value up to Rs 1,800 per sq.ft, and the most recent revision in 2024 has raised it to Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 205%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Thundalam

In Thundalam, there are 97 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. The guideline value of Subagiri Nagar is above this median.

Stamp duty and registration fee for property in Subagiri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. 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 Subagiri Nagar?

The Sub Registrar Office that covers Subagiri Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thundalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Subagiri Nagar?

The current guideline value of Subagiri Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, showing an overall increase of 205% over this period.

What are the other streets in Thundalam and their guideline values?

Other streets in Thundalam include Sri Parasnath Nagar Vimal Santh Street, Sri Parasnath Nagar Sayar Bai Street, Sri Parasnath Nagar Santhosh Bai Street, Sri Parasnath Nagar Samulal Street, Sri Parasnath Nagar Main Road, and Sri Parasnath Jawahar Street, all with a guideline value of Rs 2,750 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Subagiri Nagar?

The stamp duty for a property valued at Rs 19,80,000 is Rs 1,38,600, and the registration fee is Rs 39,600, totaling Rs 1,78,200.

Which office handles property registrations in Subagiri Nagar?

The Chennai South Joint I Sub Registrar Office handles property registrations in Subagiri Nagar, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.