Guideline Value

Corporate

Guideline Value for SUBRAMANI NAGAR 3RD STREET

₹1100/sq.ft.

The guideline value for Subramani Nagar 3rd Street in Iyyappanthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Iyyappanthangal

Village

Chennai South Joint I

SRO

Residential Class IV Type - III
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
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)

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 Subramani Nagar 3rd Street

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Subramani Nagar 3rd Street guideline value

The current guideline value of Subramani Nagar 3rd Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Iyyappanthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Subramani Nagar 3rd Street has changed

The guideline value for Subramani Nagar 3rd Street has seen several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, this figure dropped to Rs 670 per sq.ft in 2017. The value then rose to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,100 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

From 2007 to 2012, there was a notable increase of 233%. However, this was followed by a decrease of 33% from 2012 to 2017. The value then saw a significant increase of 49% from 2017 to 2023, and a further rise of 10% from 2023 to 2024. Overall, the guideline value has increased by 267% from 2007 to 2024.

Guideline values in Iyyappanthangal

Iyyappanthangal has a total of 134 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 5,610 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Subramani Nagar 3rd Street's 2024 figure below the median.

Stamp duty and registration fee for property in Subramani Nagar 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subramani Nagar 3rd Street?

The Sub Registrar Office that covers Subramani Nagar 3rd Street 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, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Iyyappanthangal. It serves as a benchmark for determining the minimum value at which the property can be registered, ensuring that the transaction is transparent and fair.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Subramani Nagar 3rd Street?

The current guideline value of Subramani Nagar 3rd Street is Rs 1,100 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 2007 to Rs 1,100 per sq.ft in 2024, with several revisions in between, including a drop in 2017 and increases in subsequent years.

What is the registration office for Subramani Nagar 3rd Street?

The registration office for Subramani Nagar 3rd Street 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.

How is stamp duty calculated for properties in Iyyappanthangal?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.

What are the other streets in Iyyappanthangal with the same guideline value?

Other streets in Iyyappanthangal that share the same guideline value of Rs 1,100 per sq.ft in 2024 include Subramani Nagar 2nd Street, Subramani Nagar 4th Street, Subramani Nagar 5th Street, Subramani Nagar Ist Street, and Subramani Nagar.