Guideline Value

Corporate

Guideline Value for SUBRAMANIYAM NAGAR PHASE-I

₹100/sq.ft.

The guideline value for Subramaniyam Nagar Phase-i in Vellathukottai village (Oothukkottai SRO, Chennai zone) is Rs 100 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vellathukottai

Village

Oothukkottai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹100 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹54 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Near-government Hospital Uthukottai. 602026
044-27631361
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Subramaniyam Nagar Phase-I guideline value

The current guideline value for Subramaniyam Nagar Phase-I is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in Vellathukottai village, under the jurisdiction of the Oothukkottai SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Subramaniyam Nagar Phase-I has changed

The guideline value for Subramaniyam Nagar Phase-I has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 54 per sq.ft. This figure increased significantly to Rs 100 per sq.ft in the 2023 revision, reflecting an 85% increase. The 2024 revision has maintained this value at Rs 100 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Thus, the most recent revisions are the 2017, 2023, and 2024 figures, with an overall increase of 85% from 2017 to 2024.

Guideline values in Vellathukottai

In Vellathukottai, there are seven streets under the Oothukkottai SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft. The median guideline value for these streets is also Rs 100 per sq.ft, which is equal to the guideline value of Subramaniyam Nagar Phase-I.

Stamp duty and registration fee for property in Subramaniyam Nagar Phase-I

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subramaniyam Nagar Phase-I?

The Subramaniyam Nagar Phase-I area is covered by the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai, 602026. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Vellathukottai. It serves as a reference for determining the minimum value at which a property can be sold or bought, ensuring that the transaction is recorded accurately.

When you buy or sell property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value for Subramaniyam Nagar Phase-I?

The current guideline value for Subramaniyam Nagar Phase-I is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 54 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and 2024, marking an overall increase of 85% from 2017 to 2024.

What are the other streets in Vellathukottai with the same guideline value?

Other streets in Vellathukottai that have a guideline value of Rs 100 per sq.ft in 2024 include Subramaniyam Nagar Phase-3, Subramaniyam Nagar-II, Sundarambal Nagar, Valluvan Vasuki Nagar, Vanavil Nagar, and Sundarambal Nagar Stage I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. The duty is charged on the higher of the guideline value or the sale price.

Where is the Oothukkottai Sub Registrar Office located?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, Chennai, 602026. This office handles registrations for properties in the Subramaniyam Nagar Phase-I area.