Guideline Value for SUBBIAH NAGAR ANNEX

Subbiah Nagar Annex guideline value

The current guideline value for Subbiah Nagar Annex in Iyyappanthangal village is Rs 2,750 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Subbiah Nagar Annex has changed

The guideline value for Subbiah Nagar Annex has seen significant changes over the years. Starting from the 2007 revision, the guideline value was Rs 300 per sq.ft. It increased dramatically to Rs 2,500 per sq.ft in 2012, marking a rise of 733%. However, it then decreased to Rs 1,675 per sq.ft in 2017, which was a decline of 33%. The value rose again to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024, reflecting a 10% increase.

In total, 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.

Guideline values in Iyyappanthangal

In Iyyappanthangal, there are 134 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,610 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Subbiah Nagar Annex is above this median.

• Subbiah Nagar 3rd Street: Rs 2,750 per sq.ft (2024)
• Subbiah Nagar Cross Street: Rs 2,750 per sq.ft (2024)
• Subbiah Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Subbiah Nagar Ist Street: Rs 2,750 per sq.ft (2024)
• Subbaiah Nagar: Rs 2,750 per sq.ft (2024)
• Subramani Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Subbiah Nagar Annex

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, totaling 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, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subbiah Nagar Annex?

The Sub Registrar Office that covers Subbiah Nagar Annex is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

You can find your SRO for further assistance.

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

When buying or selling property in Iyyappanthangal, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

Additionally, the guideline value impacts the calculation of stamp duty and registration fees, which are essential costs associated with property transactions. Buyers and sellers should always consider the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Subbiah Nagar Annex?

The current guideline value of Subbiah Nagar Annex 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, showing an overall increase of 817% over the years.

What are the other streets in Iyyappanthangal with the same guideline value?

Other streets in Iyyappanthangal with the same guideline value of Rs 2,750 per sq.ft include Subbiah Nagar 3rd Street, Subbiah Nagar Cross Street, Subbiah Nagar 2nd Street, Subbiah Nagar Ist Street, and Subbaiah Nagar.

What fees are associated with buying property in Subbiah Nagar Annex?

When buying property in Subbiah Nagar Annex, you will incur stamp duty and registration fees based on the guideline value. For example, a 1,000 sq.ft plot would result in a total cost of Rs 2,47,500 for these fees.

Where can I find more information about the Sub Registrar Office?

The Chennai South Joint I Sub Registrar Office covers Subbiah Nagar Annex. You can find more information and assistance by visiting the relevant link to locate your SRO.