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Guideline Value

Corporate

Guideline Value for SUBBIAH NAGAR IST STREET

₹2750/sq.ft.

The guideline value for Subbiah Nagar Ist 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 Ist Street

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Subbiah Nagar Ist Street guideline value

The current guideline value of Subbiah Nagar Ist Street is Rs 2,750 per sq.ft, effective from the 2024 revision. 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 Ist Street has changed

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

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 817%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Iyyappanthangal

Iyyappanthangal has a range of guideline values for its 134 streets under the Chennai South Joint I SRO, with figures ranging from Rs 1,100 to Rs 5,610 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing the 2024 guideline value of Subbiah Nagar Ist Street above this median.

Stamp duty and registration fee for property in Subbiah Nagar Ist Street

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

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

Which Sub Registrar Office covers Subbiah Nagar Ist Street?

The Sub Registrar Office that covers Subbiah Nagar Ist 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 is a crucial factor in the registration process when buying or selling property in Iyyappanthangal. It serves as the minimum value for the property, ensuring that the transaction is registered at a value that reflects the prevailing market conditions as determined by the government.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Subbiah Nagar Ist Street?

The current guideline value of Subbiah Nagar Ist Street is Rs 2,750 per sq.ft, effective from the 2024 revision.

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 are the stamp duty and registration fees for property in Subbiah Nagar Ist Street?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office covers this street?

The Chennai South Joint I Sub Registrar Office covers Subbiah Nagar Ist Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the land classification for Subbiah Nagar Ist Street?

The land classification for Subbiah Nagar Ist Street is Residential Class I Type - I, indicating its suitability for residential development.