Guideline Value for SUBBURAYAN CHETTY ALL STREETS

Subburayan Chetty All Streets guideline value

The current guideline value for Subburayan Chetty All Streets is Rs 4,900 per sq.ft, effective from 1 July 2024. This area is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of Subburayan Chetty All Streets has changed

The guideline value for Subburayan Chetty All Streets has undergone several revisions over the years. The 2007 revision set the value at Rs 1,100 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 309%. However, the value then decreased to Rs 3,015 per sq.ft in 2017, reflecting a decline of 33%. Following this, the 2023 revision raised the value to Rs 4,500 per sq.ft, and the most recent 2024 revision has set it at Rs 4,900 per sq.ft, which is a 9% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 345%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, a total of 519 streets have a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft, with a median value of Rs 5,500 per sq.ft. The guideline value for Subburayan Chetty All Streets is below this median.

• Subbiah Street: Rs 7,700 per sq.ft (2024)
• Subbarayan Chetty Street: Rs 4,900 per sq.ft (2024)
• Subbarayan Chetty Main Road: Rs 4,900 per sq.ft (2024)
• Subbarayan Chetty 9th Street: Rs 4,900 per sq.ft (2024)
• Subbarayan Chetty 8th Street: Rs 4,900 per sq.ft (2024)
• Subbarayan Chetty 7th Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Subburayan Chetty All Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Subburayan Chetty All Streets?

The Subburayan Chetty All Streets are covered by the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value for Subburayan Chetty All Streets?

The current guideline value for Subburayan Chetty All Streets is Rs 4,900 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 1,100 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 345% over the years.

What is the land classification for Subburayan Chetty All Streets?

Subburayan Chetty All Streets is classified as Residential Class III Type - II, indicating its use for residential purposes.

Where can I find the Purasaivakkam Sub Registrar Office?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in Purasaivakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. This ensures that the fees are reflective of the property's value during registration.