Guideline Value for SUBRAMANIAN STREET

Subramanian Street guideline value

The current guideline value of Subramanian Street in Puliyur village, under the Kodambakkam SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class IV Type - II land classification.

How the guideline value of Subramanian Street has changed

The guideline value for Subramanian Street has undergone several revisions over the years. In 2002, the figure was Rs 511 per sq.ft, which increased to Rs 561 per sq.ft in 2003. The value saw a significant rise to Rs 900 per sq.ft in 2007, followed by a jump to Rs 4,000 per sq.ft in 2012. However, it decreased to Rs 2,680 per sq.ft in 2017. The value then increased to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft as of the 2024 revision.

From 2017 to 2023, the value increased by 49%, while the jump from 2023 to 2024 was 10%. Notably, there are no figures available for the revisions in years other than those mentioned above for Subramanian Street.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value is Rs 5,800 per sq.ft, placing Subramanian Street's current value below that median.

• Subedar Garden: Rs 4,600 per sq.ft (2024)
• Subbarayan Street, Ch-94: Rs 5,300 per sq.ft (2024)
• Subbarayan Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Subbarayan Nagar 1st Street: Rs 4,400 per sq.ft (2024)
• Subramaniya Nagar Cross Street: Rs 5,800 per sq.ft (2024)
• Subramaniya Nagar Main Nagar: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Subramanian 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, and the registration fee at 2% would be Rs 88,000, totaling 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 the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Subramanian Street?

The Subramanian Street is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is crucial for legal and taxation purposes. 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 Subramanian Street?

The current guideline value of Subramanian 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 511 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, with various revisions in between.

What is the land classification for Subramanian Street?

Subramanian Street falls under the Residential Class IV Type - II land classification.

What are the stamp duty and registration fees for property in Subramanian Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for Subramanian Street located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.