Guideline Value for SUBBUPILLAI THOTTAM

Subbupillai Thottam guideline value

The current guideline value of Subbupillai Thottam is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Residential Class III Type - II.

How the guideline value of Subbupillai Thottam has changed

The guideline value for Subbupillai Thottam has seen several revisions over the years. In 2002, the value was Rs 2,119 per sq.ft, which increased to Rs 2,352 per sq.ft in 2003, marking an 11% rise. The value then rose to Rs 3,000 per sq.ft in 2007, reflecting a 28% increase. Following this, the value decreased to Rs 5,000 per sq.ft in 2012, a drop of 33%. In 2017, it rose again to Rs 3,350 per sq.ft, and then to Rs 5,000 per sq.ft in 2023, before reaching the current value of Rs 5,500 per sq.ft in 2024, indicating a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 160%. The register has no figures for the years not explicitly mentioned for this street.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 27,500 per sq.ft, with a median value of Rs 11,000 per sq.ft. The guideline value of Subbupillai Thottam is below this median.

• Sundaram Street: Rs 6,600 per sq.ft (2024)
• Srinivasa Road: Rs 13,200 per sq.ft (2024)
• Srinivasa Reddy Street: Rs 6,600 per sq.ft (2024)
• Srinivasa Puram: Rs 5,500 per sq.ft (2024)
• Thangavalu Street: Rs 6,600 per sq.ft (2024)
• Thanikachalam Road: Rs 17,600 per sq.ft (2024)

Stamp duty and registration fee for property in Subbupillai Thottam

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. 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 Subbupillai Thottam?

The Sub Registrar Office that covers Subbupillai Thottam is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Tnagar, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value helps ensure transparency and standardization in property transactions. It protects both buyers and sellers by providing a clear framework for property valuation during registration.

Frequently asked questions

What is the current guideline value of Subbupillai Thottam?

The current guideline value of Subbupillai Thottam is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,119 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting a total increase of 160% over this period.

What are the stamp duty and registration fees for properties in Subbupillai Thottam?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, the total cost would be Rs 4,95,000.

Which office handles property registrations for Subbupillai Thottam?

The Thiyagaraya nagar Sub Registrar Office handles property registrations for Subbupillai Thottam, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

What is the range of guideline values in Tnagar?

The guideline values in Tnagar range from Rs 4,400 to Rs 27,500 per sq.ft, with a median value of Rs 11,000 per sq.ft. Subbupillai Thottam's value is below this median.