Guideline Value for SUBRAMANIAM 1st STREET

SUBRAMANIAM 1st STREET guideline value

The current guideline value of SUBRAMANIAM 1st STREET is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village, under the Neelankarai SRO, and is classified as Residential Class I Type - I.

How the guideline value of SUBRAMANIAM 1st STREET has changed

The guideline value for SUBRAMANIAM 1st STREET has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which then decreased to Rs 2,680 per sq.ft in the 2017 revision. Following this, the value increased to Rs 4,000 per sq.ft in 2023 and further to Rs 4,400 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 is an increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, making the 2024 guideline value of SUBRAMANIAM 1st STREET above the median.

• Suburayan Nagar 1st Main Road: Rs 2,800 per sq.ft (2024)
• Suburayan Nagar 2nd Main Road: Rs 2,800 per sq.ft (2024)
• Suburayan Nagar 2nd Street: Rs 2,800 per sq.ft (2024)
• Suburayan Nagar 3rd Main Road: Rs 2,800 per sq.ft (2024)
• Suburayan Nagar 4th Main Road: Rs 2,800 per sq.ft (2024)
• Suburayan Nagar 5th Main Road: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in SUBRAMANIAM 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, these fees would total Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers SUBRAMANIAM 1st STREET?

SUBRAMANIAM 1st STREET falls under the Neelankarai Sub Registrar Office located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Okkiyamthuraipakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It is essential to be aware of the current guideline value to make informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of SUBRAMANIAM 1st STREET?

The current guideline value of SUBRAMANIAM 1st STREET is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification of SUBRAMANIAM 1st STREET?

SUBRAMANIAM 1st STREET is classified as Residential Class I Type - I.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for property in SUBRAMANIAM 1st STREET?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 3,08,000.