Guideline Value

Corporate

Guideline Value for SUBRAMANIYAM NAGAR-II

₹100/sq.ft.

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

Last updated:

Chennai

Zone

Vellathukottai

Village

Oothukkottai

SRO

Residential Class II 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 ₹47 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹70 /sq.ft.
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-II guideline value

The current guideline value of Subramaniyam Nagar-II is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Vellathukottai village and falls under the Oothukkottai SRO, classified as Residential Class II Type - I.

How the guideline value of Subramaniyam Nagar-II has changed

The guideline value for Subramaniyam Nagar-II has seen several revisions over the years. The 2012 revision set the value at Rs 70 per sq.ft, which increased to Rs 47 per sq.ft in the 2017 revision. Following this, the 2023 revision brought it back to Rs 100 per sq.ft, maintaining the same rate in the 2024 revision, resulting in a significant increase of 113% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 43%.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The consistent figure of Rs 100 per sq.ft from 2023 to 2024 indicates stability in the guideline value during this period.

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, with the median also being Rs 100 per sq.ft. Subramaniyam Nagar-II's guideline value aligns with this median.

Stamp duty and registration fee for property in Subramaniyam Nagar-II

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

Which Sub Registrar Office covers Subramaniyam Nagar-II?

The Sub Registrar Office covering Subramaniyam Nagar-II is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vellathukottai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Subramaniyam Nagar-II?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 70 per sq.ft in 2012 to Rs 47 per sq.ft in 2017, then increased to Rs 100 per sq.ft in both 2023 and 2024.

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

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

How is the stamp duty calculated for properties in Subramaniyam Nagar-II?

Stamp duty is calculated at 7% of the higher value between the guideline value and the sale price. For example, for a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000.

Where is the Oothukkottai Sub Registrar Office located?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, 602026, Chennai registration zone.