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Guideline Value

Corporate

Guideline Value for SUBBIAH NAGAR 2ND STREET

₹2750/sq.ft.

The guideline value for Subbiah Nagar 2nd Street in Iyyappanthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Iyyappanthangal

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Subbiah Nagar 2nd Street

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Subbiah Nagar 2nd Street guideline value

The current guideline value of Subbiah Nagar 2nd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Iyyappanthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Subbiah Nagar 2nd Street has changed

Over the years, the guideline value of Subbiah Nagar 2nd Street has seen significant changes. The earliest recorded figure is from 2007, where the value was Rs 300 per sq.ft. This value increased dramatically to Rs 2,500 per sq.ft in 2012, marking a rise of 733%. However, in 2017, the value decreased to Rs 1,675 per sq.ft, reflecting a decline of 33%. Moving forward, the guideline value rose to Rs 2,500 per sq.ft in 2023, and then to Rs 2,750 per sq.ft in 2024, which is an increase of 10% from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 817%.

The revisions for the years 2002 and 2003 do not have any figures recorded for this street. The values for the subsequent years are as follows: 2017 at Rs 1,675 per sq.ft, 2023 at Rs 2,500 per sq.ft, and the current value in 2024 at Rs 2,750 per sq.ft.

Guideline values in Iyyappanthangal

In Iyyappanthangal, there are 134 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 5,610 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, and Subbiah Nagar 2nd Street's 2024 figure is above this median.

Stamp duty and registration fee for property in Subbiah Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total fees together Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subbiah Nagar 2nd Street?

The Sub Registrar Office that covers Subbiah Nagar 2nd Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Iyyappanthangal. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers should be aware that the guideline value is considered when calculating stamp duty and registration fees.

When a property is sold, the sale price is compared to the guideline value. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Subbiah Nagar 2nd Street?

The current guideline value of Subbiah Nagar 2nd Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 300 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 817% over the years.

What is the median guideline value for streets in Iyyappanthangal?

The median guideline value for the 134 streets in Iyyappanthangal is Rs 2,200 per sq.ft, with Subbiah Nagar 2nd Street's value being above this median.

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

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 2,47,500, which includes stamp duty and registration fees based on the guideline value.

Which office handles property registration for Subbiah Nagar 2nd Street?

The Chennai South Joint I Sub Registrar Office handles property registration for Subbiah Nagar 2nd Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.