Guideline Value for SUBRAMANIA NADAR ST

Subramania Nadar St guideline value

The current guideline value of Subramania Nadar St is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village under the Walajabad SRO and is classified as Residential Class IV Type - I.

How the guideline value of Subramania Nadar St has changed

The guideline value for Subramania Nadar St has seen several revisions over the years. In 2012, the value was set at Rs 750 per sq.ft. This remained unchanged until the next revision in 2017, where it decreased to Rs 502 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 750 per sq.ft. The current revision in 2024 maintains this value at Rs 750 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Therefore, the only revisions that reflect changes in the guideline value are from 2012, 2017, 2023, and the current 2024 revision.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median value is Rs 750 per sq.ft, which is equal to the guideline value of Subramania Nadar St.

• Sri Vidhya Nagar Extension: Rs 750 per sq.ft (2024)
• Sri Sai Nagar: Rs 700 per sq.ft (2024)
• Sri Sai Garden: Rs 700 per sq.ft (2024)
• Therku Puthu St: Rs 750 per sq.ft (2024)
• Sriperumbudur Road(Upto Railway Bridg): Rs 2,000 per sq.ft (2024)
• Sri Pachaiyamman Nagar: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Subramania Nadar St

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, making the total cost for these fees Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subramania Nadar St?

The Sub Registrar Office that covers Subramania Nadar St is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Walajabad. When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher, ensuring that the government receives its due revenue from property transactions.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the overall cost of purchasing property. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Subramania Nadar St?

The current guideline value of Subramania Nadar St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then back to Rs 750 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification of Subramania Nadar St?

Subramania Nadar St is classified as Residential Class IV Type - I, indicating its use for residential purposes within the area.

What are the stamp duty and registration fees for property in Subramania Nadar St?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 67,500.

Which office handles property registration for Subramania Nadar St?

The Walajabad Sub Registrar Office handles property registration for Subramania Nadar St, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.