Guideline Value for SUBBARAYAN STREET, CH-94

Subbarayan Street, Ch-94 guideline value

The current guideline value of Subbarayan Street, Ch-94 is Rs 5,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO and is classified as Residential Class II Type - I.

How the guideline value of Subbarayan Street, Ch-94 has changed

The guideline value for Subbarayan Street has seen several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft. This increased significantly to Rs 4,900 per sq.ft in 2012, marking a rise of 308%. However, from 2012 to 2017, the value decreased to Rs 3,283 per sq.ft, a drop of 33%. The value then rose again to Rs 4,900 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 set the value at Rs 5,300 per sq.ft, reflecting an 8% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 342%.

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 Street is below this median.

• Subbarayan Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Subbarayan Nagar 1st Street: Rs 4,400 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 Street, Ch-94

For a 1,000 sq.ft plot at the current guideline value of Rs 5,300 per sq.ft, the total guideline value would be Rs 53,00,000. The stamp duty at 7% would amount to Rs 3,71,000, while the registration fee at 2% would be Rs 1,06,000, bringing the total fees to Rs 4,77,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subbarayan Street, Ch-94?

The Sub Registrar Office covering Subbarayan Street, Ch-94 is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Subbarayan Street, Ch-94?

The current guideline value of Subbarayan Street, Ch-94 is Rs 5,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 5,300 per sq.ft in 2024, reflecting an overall increase of 342% over the years.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft, while Subbarayan Street's current value is below this median.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 53,00,000 would incur total fees of Rs 4,77,000.

Which office handles the registration for Subbarayan Street?

The Kodambakkam Sub Registrar Office handles the registration for Subbarayan Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.