Guideline Value for SUBRAMANIYA CHETTY STREET

Subramaniya Chetty Street guideline value

The current guideline value of Subramaniya Chetty Street is Rs 4,900 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 I Type - II.

How the guideline value of Subramaniya Chetty Street has changed

Over the years, the guideline value for Subramaniya Chetty Street has seen significant changes. The earliest recorded figure is from 2003, at Rs 461 per sq.ft, which increased to Rs 700 per sq.ft in 2007, marking a rise of 52%. This was followed by a substantial increase to Rs 4,500 per sq.ft in 2012, reflecting a remarkable growth of 543%. However, the value fell to Rs 3,015 per sq.ft in 2017, a decrease of 33%. The most recent revision in 2024 has set the guideline value at Rs 4,900 per sq.ft, which is an increase of 63% from 2017.

It is important to note that there are no figures available for the years 2023 and 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 963%.

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 value for these streets is Rs 2,700 per sq.ft, placing Subramaniya Chetty Street's 2024 figure above the median.

• Subramaniya Barathi Street: Rs 4,900 per sq.ft (2024)
• Subramaniya Barathi Main Road: Rs 4,900 per sq.ft (2024)
• Subramaniya Barathi Cross Street: Rs 4,300 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 Chetty 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 cost for these fees to Rs 4,41,000. It is important to note that 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 Chetty Street?

The Sub Registrar Office that covers Subramaniya Chetty Street is 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 plays a crucial role in the registration process when buying or selling property in Perambur. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, both the buyer and seller must be aware of the guideline value as it directly impacts the financial obligations during registration. It is advisable to check the latest guideline values to ensure compliance with the current rates.

Frequently asked questions

What is the current guideline value of Subramaniya Chetty Street?

The current guideline value of Subramaniya Chetty 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 significantly from Rs 461 per sq.ft in 2003 to Rs 4,900 per sq.ft in 2024, showing an overall increase of 963% over this period.

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

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

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

What is the median guideline value in Perambur?

The median guideline value for streets in Perambur under the Purasaivakkam SRO is Rs 2,700 per sq.ft, with Subramaniya Chetty Street's value being above this median.