Guideline Value for SUBBUAMMAL SALAI

Subbuammal Salai guideline value

The current guideline value of Subbuammal Salai is Rs 1,970 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Subbuammal Salai has changed

In the 2017 revision, the guideline value was set at Rs 1,200 per sq.ft. This increased to Rs 1,792 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 saw the guideline value rise further to Rs 1,970 per sq.ft, reflecting a change of 10% from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions from the years 2002, 2003, 2007, and 2012 for Subbuammal Salai. This lack of data means we can only assess the changes based on the revisions from 2017, 2023, and 2024.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,660 per sq.ft, placing Subbuammal Salai's 2024 figure above this median.

• Subalakshmi Nagar: Rs 1,100 per sq.ft (2024)
• Subramaniyar Koil 1st Cross Street: Rs 1,100 per sq.ft (2024)
• Subramaniyar Koil 1st Street: Rs 1,100 per sq.ft (2024)
• Subramaniyar Koil 2nd Street: Rs 770 per sq.ft (2024)
• Subramaniyar Koil 3rd Street: Rs 770 per sq.ft (2024)
• Sundaresan Nagar: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Subbuammal Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,970 per sq.ft, the total guideline value amounts to Rs 19,70,000. The stamp duty, charged at 7%, would be Rs 1,37,900, and the registration fee at 2% would be Rs 39,400, bringing the total to Rs 1,77,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Subbuammal Salai?

The Sub Registrar Office that covers Subbuammal Salai 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. For more information, you can find your SRO.

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

When buying or selling property in Vanagaram, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is a reference point set by the government, and it is used to calculate the taxes due during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value as it impacts the overall cost of transactions. Ensuring that the sale price meets or exceeds the guideline value is important, as the higher of the two will be used for calculating duties.

Frequently asked questions

What is the current guideline value of Subbuammal Salai?

The current guideline value of Subbuammal Salai is Rs 1,970 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,200 per sq.ft to Rs 1,970 per sq.ft in 2024, which is an overall increase of 64%.

What is the median guideline value in Vanagaram?

The median guideline value for streets in Vanagaram is Rs 1,660 per sq.ft, which is below the current guideline value of Subbuammal Salai.

What are the stamp duty rates applicable in Subbuammal Salai?

The stamp duty rate applicable in Subbuammal Salai is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Subbuammal Salai?

The Sub Registrar Office for Subbuammal Salai is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.