Guideline Value

Corporate

Guideline Value for SUBRAMANI NAGAR 5TH STREET

₹1100/sq.ft.

The guideline value for Subramani Nagar 5th 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 5th Street

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Subramani Nagar 5th Street guideline value

The current guideline value of Subramani Nagar 5th 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 5th Street has changed

Over the years, the guideline value for Subramani Nagar 5th Street has seen significant changes. The 2007 revision set the value at Rs 300 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, there was a decrease to Rs 670 per sq.ft in the 2017 revision. The subsequent revisions saw an increase, with the 2023 figure at Rs 1,000 per sq.ft and the current 2024 revision at Rs 1,100 per sq.ft. The register has no figures for the years 2002 and 2003.

From the 2007 revision to the 2024 revision, the overall increase in guideline value is 267%. Notably, the 2023 to 2024 revision saw a 10% increase, while the 2017 to 2023 period experienced a substantial rise of 49%. The 2012 to 2017 revision reflected a decrease of 33%, and the 2007 to 2012 period saw a remarkable increase of 233%.

Guideline values in Iyyappanthangal

In Iyyappanthangal, there are 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, where the median value is Rs 2,200 per sq.ft. Subramani Nagar 5th Street's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Subramani Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total 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, bringing the total charges to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subramani Nagar 5th Street?

The Sub Registrar Office that covers Subramani Nagar 5th 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. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Iyyappanthangal. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps in determining the official value of the property for registration purposes. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating the applicable duties.

Frequently asked questions

What is the current guideline value for Subramani Nagar 5th Street?

The current guideline value for Subramani Nagar 5th 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 significantly, from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 267% since then.

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

Other streets in Iyyappanthangal with the same 2024 guideline value of Rs 1,100 per sq.ft include Subramani Nagar 4th Street, Subramani Nagar 3rd Street, Subramani Nagar Ist Street, Subramani Nagar 2nd Street, and Subramani Nagar.

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

The Sub Registrar Office for Subramani Nagar 5th 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 Subramani Nagar 5th Street?

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