Guideline Value

Corporate

Guideline Value for SUBATHRA NAGAR

₹330/sq.ft.

The guideline value for Subathra Nagar in Vichoor village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vichoor

Village

Thiruvottiyur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Subathra Nagar

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Subathra Nagar guideline value

The current guideline value of Subathra Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Vichoor village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Subathra Nagar has changed

The guideline value for Subathra Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 100 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012, marking a 200% rise. However, from 2012 to 2017, the value decreased to Rs 201 per sq.ft, a decline of 33%. The value then saw a substantial increase to Rs 300 per sq.ft in 2023, followed by another rise to Rs 330 per sq.ft in 2024, which is a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 230%. The changes between the revisions illustrate the fluctuations in the guideline value, with the most significant increase occurring between 2007 and 2012, followed by a steady rise leading up to the current value.

Guideline values in Vichoor

In Vichoor village, there are 45 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft, with a median value of Rs 485 per sq.ft. Subathra Nagar's current guideline value is below this median.

Stamp duty and registration fee for property in Subathra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subathra Nagar?

The Sub Registrar Office that covers Subathra Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Vichoor. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

During the registration process, buyers and sellers must ensure that the sale price is either equal to or higher than the guideline value. This practice helps maintain transparency in property transactions and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Subathra Nagar?

The current guideline value of Subathra Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, from Rs 100 per sq.ft in 2007 to Rs 330 per sq.ft in 2024, marking an overall increase of 230% since 2007.

What is the registration office for Subathra Nagar?

The registration office that covers Subathra Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

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

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700.

How is the guideline value used in property transactions?

The guideline value is used as a benchmark for calculating the minimum registration value of a property. It ensures that the stamp duty and registration fees are based on a standardized value set by the government, promoting transparency in property transactions.