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Guideline Value

Corporate

Guideline Value for SUBHA NAGAR EXTN.

₹1320/sq.ft.

The guideline value for Subha Nagar Extn. in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹100 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹48 /sq.ft.
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 Subha Nagar Extn.

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Subha Nagar Extn. guideline value

The current guideline value of Subha Nagar Extn. is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class IV Type - II.

How the guideline value of Subha Nagar Extn. has changed

In the year 2002, the guideline value for Subha Nagar Extn. was Rs 48 per sq.ft. This figure saw an increase to Rs 100 per sq.ft in 2003, marking a change of +108%. The value continued to rise significantly, reaching Rs 400 per sq.ft in 2007, which represented a substantial increase of +300%. By 2012, the guideline value remained at Rs 1,200 per sq.ft, showing no change from the previous revision. In 2023, the value was again Rs 1,200 per sq.ft, with no figure available for the year 2017.

The most recent revision in 2024 brought the guideline value up to Rs 1,320 per sq.ft, reflecting a change of +10% from the 2023 figure. Overall, from 2002 to 2024, the guideline value has increased by +2,650%.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO, with 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Subha Nagar Extn.'s 2024 figure below that median.

Stamp duty and registration fee for property in Subha Nagar Extn.

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty is charged at 7%, which totals Rs 92,400, and the registration fee is charged at 2%, amounting to Rs 26,400. Together, the total fees would be Rs 1,18,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subha Nagar Extn.?

The Sub Registrar Office that covers Subha Nagar Extn. 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Pallikaranai. It is used to determine the stamp duty and registration fees that buyers and sellers must pay during the registration of the property. This ensures that the transaction is recorded accurately and legally.

When a property is sold, the guideline value acts as a benchmark for assessing the minimum value of the property. Buyers should be aware that the stamp duty is charged on the higher of the guideline value and the sale price, ensuring that the government receives the appropriate fees based on the property's value.

Frequently asked questions

What is the current guideline value of Subha Nagar Extn.?

The current guideline value of Subha Nagar Extn. is Rs 1,320 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 48 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, representing an overall increase of +2,650%.

What are the stamp duty and registration fees for property in Subha Nagar Extn.?

For a property valued at Rs 13,20,000, the stamp duty is Rs 92,400 and the registration fee is Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Subha Nagar Extn.?

The Chennai South Joint I Sub Registrar Office handles registrations for Subha Nagar Extn., located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It serves as a benchmark to assess the minimum value of the property being sold or purchased.