Guideline Value for SUBRAMANI NAGAR

Subramani Nagar guideline value

The current guideline value of Subramani Nagar is Rs 702 per sq.ft, effective from 1 July 2024. This area is located in Ponneri_2 village under the Ponneri SRO and is classified as Residential Class I Type - I.

How the guideline value of Subramani Nagar has changed

In the 2023 revision, the guideline value for Subramani Nagar was Rs 700 per sq.ft. The 2024 revision has increased this to Rs 702 per sq.ft, reflecting a change of +0% between these two years. There are no figures available for the revisions in the years 2017, 2012, 2007, 2003, and 2002 for this street.

As noted, the guideline value has seen a slight increase from the previous year, but the register has no figures for earlier revisions. This means that the current guideline value is based solely on the most recent revisions available.

Guideline values in Ponneri_2

In Ponneri_2 village, there are 75 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 700 to Rs 1,300 per sq.ft. The median value for these streets is Rs 700 per sq.ft, making Subramani Nagar's 2024 figure of Rs 702 per sq.ft above the median.

• Sri Shakthi Nagar: Rs 700 per sq.ft (2024)
• Taluk Office Road: Rs 702 per sq.ft (2024)
• Taluk Office Salai: Rs 1,200 per sq.ft (2024)
• Thaiyuman Chetty St: Rs 1,200 per sq.ft (2024)
• Theradi Burma Nagar: Rs 1,200 per sq.ft (2024)
• Theradi Cross Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Subramani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 702 per sq.ft, the total guideline value would be Rs 7,02,000. The stamp duty at 7% would be Rs 49,140, and the registration fee at 2% would be Rs 14,040, bringing the total to Rs 63,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subramani Nagar?

The Sub Registrar Office that covers Subramani Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a crucial factor in the registration process when buying or selling property in Ponneri_2. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for taxation and legal purposes.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Subramani Nagar?

The current guideline value of Subramani Nagar is Rs 702 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Subramani Nagar changed from Rs 700 per sq.ft in 2023 to Rs 702 per sq.ft in 2024, reflecting a change of +0%. There are no figures available for the revisions in the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Subramani Nagar?

Subramani Nagar is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 702 per sq.ft, the total stamp duty would be Rs 49,140 and the registration fee would be Rs 14,040, totaling Rs 63,180.

Where is the Sub Registrar Office for Subramani Nagar located?

The Sub Registrar Office covering Subramani Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in this area.