Guideline Value for SUBBARAYAN CHETTY 4TH STREET

Subbarayan Chetty 4th Street guideline value

The current guideline value of Subbarayan Chetty 4th Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of Subbarayan Chetty 4th Street has changed

The guideline value for Subbarayan Chetty 4th Street has seen several revisions over the years. In 2007, the value was Rs 1,100 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, this figure dropped to Rs 3,015 per sq.ft in 2017. Following this, the value rose sharply to Rs 4,500 per sq.ft in 2023, and most recently, it has reached Rs 4,900 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 309% from 2007 to 2012, then decreased by 33% from 2012 to 2017. The value saw a substantial increase of 49% from 2017 to 2023, and a further rise of 9% from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value in the area is Rs 5,500 per sq.ft, placing Subbarayan Chetty 4th Street's current value below this median.

• Subbarayan Chetty 4th Lane: Rs 4,900 per sq.ft (2024)
• Subbarayan Chetty 4th Street 1st Lane: Rs 4,900 per sq.ft (2024)
• Subbarayan Chetty 3rd Street: Rs 4,900 per sq.ft (2024)
• Subbarayan Chetty 4th Street 2nd Lane: Rs 4,900 per sq.ft (2024)
• Subbarayan Chetty 3rd Lane: Rs 4,900 per sq.ft (2024)
• Subbarayan Chetty 4th Street 3rd Lane: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Subbarayan Chetty 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, while the registration fee at 2% would be Rs 98,000, bringing the total fees to Rs 4,41,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Subbarayan Chetty 4th Street?

The Sub Registrar Office that covers Subbarayan Chetty 4th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Purasaivakkam. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value or the sale price, whichever is higher, is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Subbarayan Chetty 4th Street?

The current guideline value of Subbarayan Chetty 4th Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting a total increase of 345% over the years.

What is the land classification for Subbarayan Chetty 4th Street?

Subbarayan Chetty 4th Street is classified as Residential Class III Type - II.

What are the other streets in Purasaivakkam with the same guideline value?

Other streets in Purasaivakkam with the same guideline value of Rs 4,900 per sq.ft include Subbarayan Chetty 4th Lane, Subbarayan Chetty 4th Street 1st Lane, Subbarayan Chetty 3rd Street, Subbarayan Chetty 4th Street 2nd Lane, Subbarayan Chetty 3rd Lane, and Subbarayan Chetty 4th Street 3rd Lane.

Where can I find the Purasaivakkam Sub Registrar Office?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.