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Guideline Value

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Guideline Value for SUBIKISHA AVENUE 1 & 2 MAIN ROAD

₹2750/sq.ft.

The guideline value for Subikisha Avenue 1 & 2 Main Road in Kovilambakkam village (Pallavaram SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kovilambakkam

Village

Pallavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Subikisha Avenue 1 & 2 Main Road

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Subikisha Avenue 1 & 2 Main Road guideline value

The current guideline value for Subikisha Avenue 1 & 2 Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Kovilambakkam village, under the Pallavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Subikisha Avenue 1 & 2 Main Road has changed

The guideline value for Subikisha Avenue has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,500 per sq.ft. This figure remained the same until the 2017 revision, which saw a significant decrease to Rs 1,675 per sq.ft. However, in the following revisions, the values increased, with the 2023 revision setting it at Rs 2,500 per sq.ft, and the latest 2024 revision increasing it further to Rs 2,750 per sq.ft.

From 2017 to 2023, the guideline value rose by 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, comparing the 2012 figure to the 2024 figure, there has been a 10% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kovilambakkam

Kovilambakkam village has a total of 61 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,610 per sq.ft. The median guideline value is Rs 2,750 per sq.ft, which matches the current value for Subikisha Avenue 1 & 2 Main Road.

Stamp duty and registration fee for property in Subikisha Avenue 1 & 2 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the stamp 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 details.

Which Sub Registrar Office covers Subikisha Avenue 1 & 2 Main Road?

The Sub Registrar Office that covers Subikisha Avenue 1 & 2 Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process of property transactions in Kovilambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is crucial for calculating the applicable stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Subikisha Avenue 1 & 2 Main Road?

The current guideline value of Subikisha Avenue 1 & 2 Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, reflecting a 10% increase. It was Rs 1,675 per sq.ft in 2017, showing a 49% increase to the 2023 figure.

What is the land classification for Subikisha Avenue 1 & 2 Main Road?

Subikisha Avenue 1 & 2 Main Road is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Pallavaram Sub Registrar Office covers Subikisha Avenue 1 & 2 Main Road, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Kovilambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 27,50,000 would incur a stamp duty of Rs 1,92,500 at a rate of 7%.