Guideline Value for SUBRAMANI NAGAR

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_B 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 seen several revisions over the years. The most recent revision in 2024 set the value at Rs 485 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 441 per sq.ft. Prior to that, in 2017, the guideline value was Rs 295 per sq.ft, marking a significant increase of 49% to reach the 2023 figure. The register has no figures for the years 2012, 2007, 2003, and 2002 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The current figure of Rs 485 per sq.ft is equal to the median value of Rs 485 per sq.ft for the 45 streets in Vichoor_B under the Thiruvottiyur SRO, which range from Rs 330 to Rs 550 per sq.ft.

Guideline values in Vichoor_B

In Vichoor_B, there are 45 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft. Subramani Nagar's guideline value of Rs 485 per sq.ft aligns with the median for the area.

• Subathra Nagar: Rs 330 per sq.ft (2024)
• St. Thomas Nagar: Rs 485 per sq.ft (2024)
• Sri Ramnagar Extn: Rs 485 per sq.ft (2024)
• Sri Ram Nagar: Rs 485 per sq.ft (2024)
• Sri Ram Ganapathi Nagar: Rs 485 per sq.ft (2024)
• Srinivasa Nagar: Rs 485 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 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, bringing the total charges to Rs 43,650. 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?

Subramani Nagar falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Vichoor_B. It is used to determine the stamp duty and registration fees that must be paid to the government when a property is bought or sold.

When a buyer or seller registers a property, the guideline value is assessed to ensure that the correct fees are applied. This value serves as a benchmark for the transaction, ensuring compliance with local regulations.

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 increased from Rs 295 per sq.ft in 2017 to Rs 485 per sq.ft in 2024, reflecting a total increase of 64% over this period.

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

Other streets in Vichoor_B include Subathra Nagar at Rs 330 per sq.ft, St. Thomas Nagar, Sri Ramnagar Extn, Sri Ram Nagar, Sri Ram Ganapathi Nagar, and Srinivasa Nagar, all at Rs 485 per sq.ft.

Where is the Thiruvottiyur Sub Registrar Office located?

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

How is stamp duty calculated in Subramani Nagar?

Stamp duty in Subramani Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 4,85,000, the stamp duty would be Rs 33,950 at 7%.