Guideline Value for SUBBARAYAN NAGAR 1ST STREET

Subbarayan Nagar 1st Street guideline value

The current guideline value of Subbarayan Nagar 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Subbarayan Nagar 1st Street has changed

The guideline value for Subbarayan Nagar 1st Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,050 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a substantial rise of 281%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, which represented a decline of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, a 49% increase from the previous revision. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, reflecting a 10% increase from 2023.

There are no figures available for the revisions in 2002 and 2003 for this street.

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 for Subbarayan Nagar 1st Street is below this median.

• 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)
• Subbarao Nagar Main Road: Rs 4,400 per sq.ft (2024)
• Subramanian Street: Rs 4,400 per sq.ft (2024)
• Subramaniya Nagar Cross Street: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Subbarayan Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be 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 guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subbarayan Nagar 1st Street?

The Sub Registrar Office that covers Subbarayan Nagar 1st Street is located at Kodambakkam Sub Registrar Office, 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 plays a crucial role in the registration process of property transactions in Puliyur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value, as it ensures that the property is registered at a fair value, which is critical for legal and financial purposes. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Subbarayan Nagar 1st Street?

The current guideline value of Subbarayan Nagar 1st Street 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 from Rs 1,050 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 319% over the years.

What are the stamp duty and registration fees for property transactions?

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.

Where is the Sub Registrar Office located for this area?

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

What is the land classification for Subbarayan Nagar 1st Street?

The land classification for Subbarayan Nagar 1st Street is Residential Class IV Type - II.