Guideline Value for SUBBARAO NAGAR MAIN ROAD

Subbarao Nagar Main Road guideline value

The current guideline value of Subbarao Nagar Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Subbarao Nagar Main Road has changed

Since the 2002 revision, the guideline value for Subbarao Nagar Main Road has seen significant changes. The 2002 revision recorded a value of Rs 594 per sq.ft, which increased to Rs 653 per sq.ft in 2003, marking a 10% rise. Following this, the value surged to Rs 1,050 per sq.ft in 2007, reflecting a 61% increase. The 2012 revision saw a notable jump to Rs 4,000 per sq.ft, a substantial 281% increase from the previous figure. However, the value dropped to Rs 2,680 per sq.ft in 2017, indicating a decrease of 33%. The 2023 revision brought the value back up to Rs 4,000 per sq.ft, and the most recent 2024 revision has set it at Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 641%. There are no other revisions listed for this street in the register.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. The guideline value of Subbarao Nagar Main Road is below this median.

• Subbarayan Nagar 1st Street: Rs 4,400 per sq.ft (2024)
• Subbarayan Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Subbarayan Street, Ch-94: Rs 5,300 per sq.ft (2024)
• Subedar Garden: Rs 4,600 per sq.ft (2024)
• Subramanian Street: Rs 4,400 per sq.ft (2024)
• Station View Road: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in Subbarao Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Subbarao Nagar Main Road?

The Sub Registrar Office that covers Subbarao Nagar Main Road is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted at a fair value.

During the registration process, buyers and sellers must consider the guideline value as it directly impacts the stamp duty and registration fees. The fees are calculated based on the guideline value or the sale price, whichever is higher, making it essential for both parties to be aware of these figures.

Frequently asked questions

What is the current guideline value of Subbarao Nagar Main Road?

The current guideline value of Subbarao Nagar Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 594 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 641% over this period.

What are the stamp duty and registration fees for property in Subbarao Nagar Main Road?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

What is the land classification for Subbarao Nagar Main Road?

Subbarao Nagar Main Road is classified as Residential Class IV Type - II.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.