Guideline Value for SUBRAMANIYA NAGAR

Subramaniya Nagar guideline value

The current guideline value of Subramaniya Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Pudupet village under the Pallipattu SRO, classified as Residential Special Type - III.

How the guideline value of Subramaniya Nagar has changed

Over the years, the guideline value for Subramaniya Nagar has seen significant changes. The earliest recorded figure is from the 2017 revision at Rs 335 per sq.ft. This was followed by the 2023 revision, which maintained the value at Rs 600 per sq.ft. The latest revision in 2024 also has the guideline value at Rs 600 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 79%. Overall, from 2017 to 2024, the change remains at +79%, as the value has not changed since 2023.

Guideline values in Pudupet

Pudupet has a total of 42 streets under the Pallipattu SRO, with the 2024 guideline values ranging from Rs 102 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, placing Subramaniya Nagar's 2024 value above this median.

• Sri Sakthi Nagar: Rs 350 per sq.ft (2024)
• Thalapathi Sivaraj Street: Rs 102 per sq.ft (2024)
• Theridistreet Santhu: Rs 300 per sq.ft (2024)
• Sholighur Road: Rs 500 per sq.ft (2024)
• Vaniyar Street: Rs 500 per sq.ft (2024)
• Santhapet 2 Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Subramaniya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Subramaniya Nagar?

The Sub Registrar Office that covers Subramaniya Nagar is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pudupet. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is registered at a fair value, reflecting the current market conditions as per the official records. Buyers and sellers should be aware of these values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Subramaniya Nagar?

The current guideline value of Subramaniya Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 600 per sq.ft in both 2023 and 2024, reflecting a 79% increase overall from 2017 to 2024.

What is the median guideline value in Pudupet?

The median guideline value for streets in Pudupet is Rs 350 per sq.ft, with Subramaniya Nagar's value being above this median.

What are the registration fees for property in Subramaniya Nagar?

The registration fees include a stamp duty of 7% and a registration fee of 2%, which are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office located for Subramaniya Nagar?

The Pallipattu Sub Registrar Office is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.