Guideline Value for SUBRAMANIAM KOIL STREET

Subramaniam Koil Street guideline value

The current guideline value of Subramaniam Koil Street is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Subramaniam Koil Street has changed

The guideline value for Subramaniam Koil Street has seen significant changes over the years. In 2003, the guideline value was Rs 461 per sq.ft, which increased to Rs 700 per sq.ft in 2007, marking a change of +52%. By 2012, the value remained at Rs 4,000 per sq.ft, showing no change from the previous revision. The 2023 revision also held the same value of Rs 4,000 per sq.ft.

In 2024, the guideline value was revised to Rs 4,300 per sq.ft, reflecting an increase of +8% from the 2023 figure. Overall, from 2003 to 2024, the guideline value has increased by +833%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Subramaniam Koil Street is above this median.

• Subramaniam Lane: Rs 3,800 per sq.ft (2024)
• Subramaniya Barathi Cross Street: Rs 4,300 per sq.ft (2024)
• Subramaniya Barathi Main Road: Rs 4,900 per sq.ft (2024)
• Subramaniya Barathi Street: Rs 4,900 per sq.ft (2024)
• Subramaniya Chetty Street: Rs 4,900 per sq.ft (2024)
• Subramaniya Iyer Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Subramaniam Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 4,300 per sq.ft, the guideline value would be Rs 43,00,000. The stamp duty at 7% would amount to Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, totaling Rs 3,87,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subramaniam Koil Street?

The Sub Registrar Office that covers Subramaniam Koil Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Perambur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is compliant with the legal requirements.

It is essential for buyers and sellers to be aware of the guideline value as it influences the overall cost of property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Subramaniam Koil Street?

The current guideline value of Subramaniam Koil Street is Rs 4,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 461 per sq.ft to Rs 4,300 per sq.ft in 2024, representing an overall increase of +833%.

What are the stamp duty and registration fees for a property in Subramaniam Koil Street?

For a property valued at Rs 43,00,000, the stamp duty would be Rs 3,01,000 and the registration fee would be Rs 86,000, totaling Rs 3,87,000.

Which Sub Registrar Office covers the area of Subramaniam Koil Street?

The Purasaivakkam Sub Registrar Office covers Subramaniam Koil Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Subramaniam Koil Street?

Subramaniam Koil Street is classified as Residential Class II Type - I according to the guideline value register.