Guideline Value for SUBBARAYAN CHETTY 6TH STREET

Subbarayan Chetty 6th Street guideline value

The current guideline value of Subbarayan Chetty 6th Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Subbarayan Chetty 6th Street has changed

The guideline value of Subbarayan Chetty 6th Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,100 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, it then decreased to Rs 3,015 per sq.ft in 2017. The value rose again to Rs 4,500 per sq.ft in 2023, and most recently, it has been revised to Rs 4,900 per sq.ft in 2024. The register has no figures for this street for the years 2002 and 2003.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, there was a 9% increase. The overall change from 2007 to 2024 reflects a substantial increase of 345% in the guideline value per sq.ft.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value in this area is Rs 5,500 per sq.ft, indicating that the guideline value of Subbarayan Chetty 6th Street is below the median.

• Subbarayan Chetty 6th Lane: Rs 4,900 per sq.ft (2024)
• Subbarayan Chetty 7th Lane: Rs 4,900 per sq.ft (2024)
• Subbarayan Chetty 5th Street: Rs 4,900 per sq.ft (2024)
• Subbarayan Chetty 7th Street: Rs 4,900 per sq.ft (2024)
• Subbarayan Chetty 5th Lane: Rs 4,900 per sq.ft (2024)
• Subbarayan Chetty 8th Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Subbarayan Chetty 6th Street

For a 1,000 sq.ft plot at the current rate of Rs 4,900 per sq.ft, the guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. 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 details.

Which Sub Registrar Office covers Subbarayan Chetty 6th Street?

The Sub Registrar Office that covers Subbarayan Chetty 6th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for further assistance.

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

The guideline value is an important factor in the registration process when buying or selling property in Purasaivakkam. It serves as a benchmark for calculating stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Subbarayan Chetty 6th Street?

The current guideline value of Subbarayan Chetty 6th 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 an overall increase of 345% over the years.

What are the stamp duty and registration fees for property in Subbarayan Chetty 6th Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 4,41,000, based on the current guideline value of Rs 49,00,000.

Which Sub Registrar Office is responsible for Subbarayan Chetty 6th Street?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, is responsible for Subbarayan Chetty 6th Street.

What is the land classification for Subbarayan Chetty 6th Street?

The land classification for Subbarayan Chetty 6th Street is Residential Class III Type - II.