Guideline Value for SUBRAMANIAM MAISTRY STREET

Subramaniam Maistry Street guideline value

The current guideline value of Subramaniam Maistry Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village under the Thiruttani SRO, classified as Residential Class III Type - I.

How the guideline value of Subramaniam Maistry Street has changed

The guideline value for Subramaniam Maistry Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 825 per sq.ft, an increase of 10% from the 2023 figure of Rs 750 per sq.ft. Prior to that, the 2017 revision recorded a guideline value of Rs 502 per sq.ft, marking a significant increase of 49% to the 2023 figure. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The absence of data for these years means that the changes in guideline value during that time cannot be assessed.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median value is Rs 825 per sq.ft, which is the same as the guideline value for Subramaniam Maistry Street.

• Subramanianagar 5th Street: Rs 1,099 per sq.ft (2024)
• Subramaniapuram: Rs 825 per sq.ft (2024)
• Subramnia Nagar 1st Street: Rs 1,099 per sq.ft (2024)
• Subramnia Nagar 2nd Street: Rs 1,099 per sq.ft (2024)
• Subramnia Nagar 3rd Street: Rs 1,099 per sq.ft (2024)
• Subramnia Nagar 4th Street: Rs 1,099 per sq.ft (2024)

Stamp duty and registration fee for property in Subramaniam Maistry Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, resulting in a total cost of Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subramaniam Maistry Street?

The Subramaniam Maistry Street falls under the jurisdiction of the Thiruttani Sub Registrar Office. The address is No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

You can find your SRO for additional details.

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

The guideline value is a crucial factor in the registration process of property transactions in Tiruttani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate dealings. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Subramaniam Maistry Street?

The current guideline value of Subramaniam Maistry Street is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value has increased by 64%, rising from Rs 502 per sq.ft to Rs 825 per sq.ft.

What were the guideline values in previous years?

The guideline values for Subramaniam Maistry Street were Rs 502 per sq.ft in 2017 and Rs 750 per sq.ft in 2023. There are no figures available for the years 2002, 2003, 2007, and 2012.

Where can I find the Thiruttani Sub Registrar Office?

The Thiruttani Sub Registrar Office is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

How is the stamp duty calculated for properties in Subramaniam Maistry Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 8,25,000, the stamp duty at 7% would be Rs 57,750.