Guideline Value for SUBRAMANIYA BARATHI STREET

Subramaniya Barathi Street guideline value

The current guideline value of Subramaniya Barathi Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class I Type - II.

How the guideline value of Subramaniya Barathi Street has changed

The guideline value for Subramaniya Barathi Street has undergone several revisions over the years. 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 saw a significant jump to Rs 4,500 per sq.ft in 2012, reflecting an increase of 543%. However, it decreased to Rs 3,015 per sq.ft in 2017, which was a decline of 33%. The most recent revision in 2024 set the value at Rs 4,900 per sq.ft, representing an increase of 63% from the previous figure in 2017.

It is important to note that there are no figures available for the years 2023 and 2002 in the register for this street.

Guideline values in Perambur

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

• Subramaniya Barathi Main Road: Rs 4,900 per sq.ft (2024)
• Subramaniya Barathi Cross Street: Rs 4,300 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total 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, bringing the total fees to 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 our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Subramaniya Barathi Street?

The Sub Registrar Office that covers Subramaniya Barathi Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai-600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process of property transactions in Perambur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Subramaniya Barathi Street?

The current guideline value of Subramaniya Barathi Street 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 from Rs 461 per sq.ft in 2003 to Rs 4,900 per sq.ft in 2024, reflecting a total increase of 963% over the years.

What is the land classification of Subramaniya Barathi Street?

Subramaniya Barathi Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this street?

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

How is stamp duty calculated for properties in Perambur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. This ensures that the appropriate fees are collected during the registration process.