Guideline Value

Corporate

Guideline Value for SUBRAMANI NAGAR

₹485/sq.ft.

The guideline value for Subramani Nagar in Vichoor village (Thiruvottiyur SRO, Chennai zone) is Rs 485 per sq.ft, effective 1 July 2024. It was Rs 441 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:

Chennai

Zone

Vichoor

Village

Thiruvottiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹485 /sq.ft.
From 1-4-2023 ₹441 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹295 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹440 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 ₹43 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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]

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Subramani Nagar guideline value

The current guideline value of Subramani Nagar is Rs 485 per sq.ft, effective from 1 July 2024. This area is located in Vichoor village under the Thiruvottiyur SRO and is classified as Residential Class I Type - I.

How the guideline value of Subramani Nagar has changed

The guideline value for Subramani Nagar has undergone several revisions over the years. Starting from Rs 43 per sq.ft in 2002, it increased to Rs 100 per sq.ft in 2007, marking a significant rise of 133%. The value then saw a dramatic jump to Rs 440 per sq.ft in 2012, an increase of 340%. However, it decreased to Rs 295 per sq.ft in 2017, reflecting a decline of 33%. The value rose again to Rs 441 per sq.ft in 2023, which was a 49% increase, and has now reached Rs 485 per sq.ft in the 2024 revision, a 10% increase.

It is important to note that there is no figure available for the year 2003 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1028%.

Guideline values in Vichoor

In Vichoor village, there are 45 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft. The median value for these streets is Rs 485 per sq.ft, which is equal to the 2024 figure for Subramani Nagar.

Stamp duty and registration fee for property in Subramani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 485 per sq.ft, the total guideline value would be Rs 4,85,000. The stamp duty at 7% would amount to Rs 33,950, and the registration fee at 2% would be Rs 9,700, making the total charges together Rs 43,650. It is important to note that the 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 further assistance.

Which Sub Registrar Office covers Subramani Nagar?

The Subramani Nagar area is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Vichoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a buyer or seller engages in a transaction, the guideline value is used to ensure that the appropriate taxes are calculated based on the value of the property being registered. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Subramani Nagar?

The current guideline value of Subramani Nagar is Rs 485 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 43 per sq.ft in 2002 to Rs 485 per sq.ft in 2024, marking an overall increase of 1028%.

What is the registration office for Subramani Nagar?

The registration office for Subramani Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated in Subramani Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 33,950.

What are the other streets in Vichoor with their guideline values?

Other streets in Vichoor include Subathra Nagar at Rs 330 per sq.ft, and several others at Rs 485 per sq.ft, including St. Thomas Nagar, Sri Ramnagar Extn, and more.