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Guideline Value

Corporate

Guideline Value for SUBBARAYAN CHETTY 7TH LANE

₹4900/sq.ft.

The guideline value for Subbarayan Chetty 7th Lane in Purasaivakkam village (Purasaivakkam SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Purasaivakkam

Village

Purasaivakkam

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹4900 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /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)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Subbarayan Chetty 7th Lane

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Subbarayan Chetty 7th Lane guideline value

The current guideline value of Subbarayan Chetty 7th Lane is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - II.

How the guideline value of Subbarayan Chetty 7th Lane has changed

The guideline value for Subbarayan Chetty 7th Lane has seen several revisions over the years. Starting with the 2007 revision, the value was Rs 1,100 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in the 2012 revision, marking a rise of 309%. However, the value then dropped to Rs 3,015 per sq.ft in the 2017 revision, a decrease of 33%. The most recent 2023 revision set the value at Rs 4,500 per sq.ft, and the latest revision in 2024 increased it to Rs 4,900 per sq.ft, reflecting a change of 9% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 345%. Notably, there are no figures available in the register for the years 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value for the area is Rs 5,500 per sq.ft, indicating that Subbarayan Chetty 7th Lane's current value is below this median.

Stamp duty and registration fee for property in Subbarayan Chetty 7th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. 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 Subbarayan Chetty 7th Lane?

The Sub Registrar Office that covers Subbarayan Chetty 7th Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For further assistance, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Purasaivakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Subbarayan Chetty 7th Lane?

The current guideline value of Subbarayan Chetty 7th Lane is Rs 4,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,100 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 345%.

What is the land classification for Subbarayan Chetty 7th Lane?

The land classification for Subbarayan Chetty 7th Lane is Residential Class III Type - II.

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.

How is the stamp duty calculated for properties in Subbarayan Chetty 7th Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 49,00,000 would incur a stamp duty of Rs 3,43,000 at 7%.