Guideline Value for SUBRAMANI AVENUE

Subramani Avenue guideline value

The current guideline value of Subramani Avenue is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Nanthiambakkam village and falls under the Thiruvottiyur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Subramani Avenue has changed

The guideline value for Subramani Avenue has seen several revisions over the years. The earliest recorded revision is from 2012, which set the value at Rs 300 per sq.ft. This was followed by a decrease to Rs 201 per sq.ft in the 2017 revision. The 2023 revision increased it to Rs 300 per sq.ft, and the most recent 2024 revision raised it further to Rs 330 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in guideline value is +10%. Notably, the increase from 2017 to 2023 was significant at +49%. There are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 275 to Rs 770 per sq.ft. The median value is Rs 330 per sq.ft, which is the same as the guideline value for Subramani Avenue.

• Sundariyammal Avenue: Rs 330 per sq.ft (2024)
• Sri Venkatapuram: Rs 330 per sq.ft (2024)
• Surya Nagar/ Avanue: Rs 330 per sq.ft (2024)
• Sri Saravana Avenue: Rs 330 per sq.ft (2024)
• Sri Sairam Nagar: Rs 330 per sq.ft (2024)
• Sri Rudhra Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Subramani Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would amount to Rs 6,600, making the total fees Rs 29,700. 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Subramani Avenue?

The Subramani Avenue is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Nanthiambakkam, as it determines the minimum value at which a property can be registered. Buyers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory costs associated with property transactions. It is essential for both buyers and sellers to be aware of these values to avoid any legal complications.

Frequently asked questions

What is the current guideline value of Subramani Avenue?

The current guideline value of Subramani Avenue is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the land classification for Subramani Avenue?

The land classification for Subramani Avenue is Residential Special Type - II.

What are the stamp duty and registration fees for a property in Subramani Avenue?

For a 1,000 sq.ft plot, the total guideline value would be Rs 3,30,000, leading to a stamp duty of Rs 23,100 and a registration fee of Rs 6,600, totaling Rs 29,700.

Where is the Sub Registrar Office for Subramani Avenue located?

The Sub Registrar Office covering Subramani Avenue is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.