Guideline Value for SUBRAMANIYA SWAMY KOIL ST

Subramaniya Swamy Koil St guideline value

The current guideline value of Subramaniya Swamy Koil St is Rs 260 per sq.ft, effective from 1 July 2024. This street is located in Ammayarkuppam village, under the Ramakrishna Rajupettai SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Subramaniya Swamy Koil St has changed

The guideline value for Subramaniya Swamy Koil St has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 150 per sq.ft. This increased to Rs 260 per sq.ft in 2012, followed by a decrease to Rs 174 per sq.ft in 2017. The value then rose again to Rs 260 per sq.ft in both 2023 and 2024, indicating a 49% increase from 2017 to 2023 and a 0% change from 2023 to 2024. The register has no figure for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 73%. The 2024 revision aligns with the median guideline value for the 43 streets in Ammayarkuppam, which also stands at Rs 260 per sq.ft.

Guideline values in Ammayarkuppam

Ammayarkuppam features a range of guideline values across its streets, with the 2024 figures varying from Rs 150 to Rs 260 per sq.ft. Subramaniya Swamy Koil St's value matches the median of Rs 260 per sq.ft. Below are other streets in Ammayarkuppam:

• Thirugnana Sambanthar St: Rs 260 per sq.ft (2024)
• Sri Balaji Nagar: Rs 260 per sq.ft (2024)
• Thiruvalluvar St: Rs 260 per sq.ft (2024)
• Sornamabigai Koil St: Rs 241 per sq.ft (2024)
• Siruthondar St: Rs 260 per sq.ft (2024)
• Seshappa St: Rs 260 per sq.ft (2024)

Stamp duty and registration fee for property in Subramaniya Swamy Koil St

For a 1,000 sq.ft plot at the current guideline value of Rs 260 per sq.ft, the total guideline value amounts to Rs 2,60,000. The stamp duty at 7% would be Rs 18,200, and the registration fee at 2% would be Rs 5,200, bringing the total cost for these fees to Rs 23,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subramaniya Swamy Koil St?

The Subramaniya Swamy Koil St falls under the jurisdiction of the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ammayarkuppam. It serves as a reference point for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the established values set by the government.

When a property is sold, the buyer and seller must adhere to the guideline value during registration to comply with legal requirements. This ensures transparency and consistency in property transactions, as the guideline value reflects the prevailing market conditions as assessed by the authorities.

Frequently asked questions

What is the current guideline value of Subramaniya Swamy Koil St?

The current guideline value of Subramaniya Swamy Koil St is Rs 260 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 260 per sq.ft in 2012, then decreased to Rs 174 per sq.ft in 2017, and finally returned to Rs 260 per sq.ft in 2023 and 2024.

What is the land classification of Subramaniya Swamy Koil St?

Subramaniya Swamy Koil St is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

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

The Sub Registrar Office covering Subramaniya Swamy Koil St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

How is the stamp duty calculated for properties in Ammayarkuppam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,60,000, the stamp duty at 7% would be Rs 18,200.