Guideline Value for SUBRAMANIYAM STREET / ROAD

Subramaniyam Street / Road guideline value

The current guideline value of Subramaniyam Street / Road is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Subramaniyam Street / Road has changed

The guideline value for Subramaniyam Street / Road has seen several revisions over the years. In 2007, the guideline value was Rs 1,220 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 269%. However, from 2012 to 2017, the value decreased to Rs 3,015 per sq.ft, a drop of 33%. The most recent revision in 2024 set the guideline value at Rs 4,900 per sq.ft, reflecting an increase of 63% from 2017.

There are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 302%.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO that have a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Subramaniyam Street / Road is above this median.

• Subramaniya Mudali Street: Rs 4,900 per sq.ft (2024)
• Subramaniya Iyer Street: Rs 4,900 per sq.ft (2024)
• Subramaniya Chetty Street: Rs 4,900 per sq.ft (2024)
• Subramaniya Barathi Street: Rs 4,900 per sq.ft (2024)
• Subramaniya Barathi Main Road: Rs 4,900 per sq.ft (2024)
• Subramaniya Barathi Cross Street: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Subramaniyam Street / Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Subramaniyam Street / Road?

The Sub Registrar Office that covers Subramaniyam Street / Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your specific SRO, you can find your SRO here.

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

The guideline value is crucial during the registration process for property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers adhere to the legal requirements set forth by the registration department.

Frequently asked questions

What is the current guideline value of Subramaniyam Street / Road?

The current guideline value of Subramaniyam Street / Road is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,220 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 302% over the years.

What is the land classification for Subramaniyam Street / Road?

The land classification for Subramaniyam Street / Road is Residential Class I Type - II.

Where is the Sub Registrar Office for this area?

The Sub Registrar Office for Subramaniyam Street / Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 at a rate of 7%.