Guideline Value for SUBRAMANIYA BARATHI CROSS STREET

Subramaniya Barathi Cross Street guideline value

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

How the guideline value of Subramaniya Barathi Cross Street has changed

The guideline value for Subramaniya Barathi Cross Street has seen several revisions over the years. In 2007, the guideline value was Rs 700 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 471%. However, this value decreased to Rs 2,680 per sq.ft in 2017, representing a decline of 33%. The most recent revision in 2024 set the guideline value at Rs 4,300 per sq.ft, reflecting a substantial increase of 60% from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from the 2007 revision to the current 2024 figure, there has been an increase of 514% in the guideline value.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Subramaniya Barathi Cross Street's 2024 figure above this median.

• 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)
• Subramaniyam Street / Road: Rs 4,900 per sq.ft (2024)
• Subramaniya Mudali Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Subramaniya Barathi Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value amounts to Rs 43,00,000. The stamp duty at 7% would be Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, bringing the total fees to Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subramaniya Barathi Cross Street?

The Sub Registrar Office that covers Subramaniya Barathi Cross 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 the registration process when buying or selling property in Perambur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Subramaniya Barathi Cross Street?

The current guideline value of Subramaniya Barathi Cross Street is Rs 4,300 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 700 per sq.ft in 2007 to Rs 4,300 per sq.ft in 2024, marking an overall increase of 514% over the years.

What are the stamp duty rates for property in this area?

The stamp duty for property in Subramaniya Barathi Cross Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located?

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

What other streets have similar guideline values in Perambur?

Other streets in Perambur, such as Subramaniya Barathi Main Road and Subramaniya Barathi Street, have a guideline value of Rs 4,900 per sq.ft in 2024, which is higher than that of Subramaniya Barathi Cross Street.