Guideline Value for SUBEDAR GARDEN

Subedar Garden guideline value

The current guideline value of Subedar Garden, located in Puliyur village under the Kodambakkam SRO, is Rs 4,600 per sq.ft. This value is effective from the 2024 revision, which took effect on 1 July 2024. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Subedar Garden has changed

The guideline value for Subedar Garden has seen several revisions over the years. In 2002, the value was Rs 967 per sq.ft. This increased to Rs 1,062 per sq.ft in 2003, marking a 10% rise. The value then rose by 22% to Rs 1,300 per sq.ft in 2007. Following this, a significant increase of 231% brought the value to Rs 4,300 per sq.ft in 2012. However, there was a decrease of 33% to Rs 2,881 per sq.ft in 2017. The subsequent revision in 2023 saw a substantial increase of 49%, bringing the value to Rs 4,300 per sq.ft, before the latest revision in 2024, which set the value at Rs 4,600 per sq.ft, a 7% increase from the previous year.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for the area is Rs 5,800 per sq.ft, making the current value of Subedar Garden below this median.

• Subbarayan Street, Ch-94: Rs 5,300 per sq.ft (2024)
• Subbarayan Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Subbarayan Nagar 1st Street: Rs 4,400 per sq.ft (2024)
• Subramanian Street: Rs 4,400 per sq.ft (2024)
• Subbarao Nagar Main Road: Rs 4,400 per sq.ft (2024)
• Subramaniya Nagar Cross Street: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Subedar Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value would be Rs 46,00,000. The stamp duty at 7% would amount to Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, bringing the total cost to Rs 4,14,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Subedar Garden?

The Subedar Garden area is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Subedar Garden?

The current guideline value of Subedar Garden is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 967 per sq.ft in 2002 to Rs 4,600 per sq.ft in 2024, reflecting an overall increase of 376% over the years.

What is the land classification for Subedar Garden?

Subedar Garden is classified as Residential Class IV Type - I, indicating its designation for residential use.

Where can I find the Kodambakkam Sub Registrar Office?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for property in Subedar Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 46,00,000, the stamp duty would be Rs 3,22,000 at a rate of 7%.