Guideline Value for SUBRAMANIYA NAGAR MAIN NAGAR

Subramaniya Nagar Main Nagar guideline value

The current guideline value of Subramaniya Nagar Main Nagar is Rs 6,300 per sq.ft, effective from 1 July 2024. This area is located in Puliyur village and falls under the Kodambakkam SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Subramaniya Nagar Main Nagar has changed

The guideline value for Subramaniya Nagar Main Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 2,900 per sq.ft, which increased significantly to Rs 5,800 per sq.ft in the 2012 revision. However, this figure dropped by 33% to Rs 3,886 per sq.ft in the 2017 revision. The subsequent 2023 revision raised the value to Rs 5,800 per sq.ft, before reaching the current rate of Rs 6,300 per sq.ft in 2024, marking a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 117%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this 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 value is Rs 5,800 per sq.ft, making the current value of Subramaniya Nagar Main Nagar above this median.

• Subramaniya Nagar Cross Street: Rs 5,800 per sq.ft (2024)
• Subramanya Nagar 1st Street: Rs 5,800 per sq.ft (2024)
• Subramanya Nagar 2nd Street: Rs 5,800 per sq.ft (2024)
• Subramanya Nagar 3rd Street: Rs 5,800 per sq.ft (2024)
• Subramanian Street: Rs 4,400 per sq.ft (2024)
• Subedar Garden: Rs 4,600 per sq.ft (2024)

Stamp duty and registration fee for property in Subramaniya Nagar Main Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value amounts to Rs 63,00,000. The stamp duty at 7% would be Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, making the total Rs 5,67,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subramaniya Nagar Main Nagar?

The Sub Registrar Office that covers Subramaniya Nagar Main Nagar is 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 serves as a benchmark for property transactions in Puliyur. It helps determine the stamp duty and registration fees during the buying or selling process, ensuring that these costs are calculated based on the current value set by the Registration Department.

When you register a property, the guideline value is used to assess the applicable charges. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Subramaniya Nagar Main Nagar?

The current guideline value of Subramaniya Nagar Main Nagar is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,900 per sq.ft in 2007 to Rs 6,300 per sq.ft in 2024, marking an overall increase of 117% over these years.

What are the other streets in Puliyur and their guideline values?

Other streets in Puliyur include Subramaniya Nagar Cross Street, Subramanya Nagar 1st Street, Subramanya Nagar 2nd Street, Subramanya Nagar 3rd Street, Subramanian Street, and Subedar Garden, with values ranging from Rs 4,400 to Rs 5,800 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Subramaniya Nagar Main Nagar?

For a property valued at Rs 63,00,000, the stamp duty would be Rs 4,41,000 and the registration fee would be Rs 1,26,000, totaling Rs 5,67,000.

Where is the Sub Registrar Office for Subramaniya Nagar Main Nagar located?

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