Guideline Value for SUBRAMANIYA BARATHI MAIN ROAD

Subramaniya Barathi Main Road guideline value

The current guideline value of Subramaniya Barathi Main Road is Rs 4,900 per sq.ft, effective from 1 July 2024. This road is located in Perambur village, under the jurisdiction of the Purasaivakkam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Subramaniya Barathi Main Road has changed

The guideline value for Subramaniya Barathi Main Road has seen significant changes over the years. In 2002, the guideline value was Rs 467 per sq.ft. It increased to Rs 512 per sq.ft in 2003, marking a 10% rise. The value then jumped dramatically to Rs 700 per sq.ft in 2007, reflecting a 37% increase. By 2012, the value had surged to Rs 4,500 per sq.ft, a remarkable 543% increase from 2007. However, between 2012 and 2017, it decreased to Rs 3,015 per sq.ft, a decline of 33%. The most recent revision in 2024 set the guideline value at Rs 4,900 per sq.ft, which is a 63% increase from 2017.

There is no figure available for the year 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 949%.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO that carry a guideline value for 2024, 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 Subramaniya Barathi Main Road is above this median.

• Subramaniya Barathi Cross Street: Rs 4,300 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 Main Road

For a 1,000 sq.ft plot at the current rate of Rs 4,900 per sq.ft, the guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. It is important to note that the 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 Subramaniya Barathi Main Road?

The Subramaniya Barathi Main Road falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for further assistance.

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. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the higher of the guideline value or the sale price.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. It is essential for both parties 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 Subramaniya Barathi Main Road?

The current guideline value of Subramaniya Barathi Main Road is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 467 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024. Notable changes include a 543% increase from 2007 to 2012 and a decrease of 33% from 2012 to 2017.

What is the land classification for Subramaniya Barathi Main Road?

The land classification for Subramaniya Barathi Main Road is Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the registration office for this area?

The registration office covering Subramaniya Barathi Main Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 49,00,000 would incur a stamp duty of Rs 3,43,000.