Guideline Value for SUBRAMANIAM LANE

Subramaniam Lane guideline value

The current guideline value of Subramaniam Lane is Rs 3,800 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 - II.

How the guideline value of Subramaniam Lane has changed

Over the years, the guideline value of Subramaniam Lane has seen significant changes. In 2003, the value was Rs 461 per sq.ft, which increased to Rs 700 per sq.ft in 2007, marking a rise of 52%. The value then experienced a substantial jump to Rs 3,500 per sq.ft in 2012, reflecting a 400% increase. The value remained unchanged at Rs 3,500 per sq.ft until 2023, when it was revised to Rs 3,800 per sq.ft, an increase of 9%.

There are no figures available for the revisions in 2002 and 2017 for this street. Overall, from 2003 to 2024, the guideline value has increased by 724%.

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. The median value is Rs 2,700 per sq.ft, placing Subramaniam Lane's 2024 value above this median.

• Subramaniam Koil Street: Rs 4,300 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 Lane

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subramaniam Lane?

The Sub Registrar Office that covers Subramaniam Lane 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 the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Subramaniam Lane?

The current guideline value of Subramaniam Lane is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 461 per sq.ft in 2003 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 724%.

What are the stamp duty rates for property in Subramaniam Lane?

The stamp duty for property in Subramaniam Lane is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Subramaniam Lane?

The Sub Registrar Office for Subramaniam Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Subramaniam Lane?

Subramaniam Lane is classified as Residential Class II Type - II under the guideline value register.