Guideline Value for SUBRAMANIYAR KOIL NORTH STREET

Subramaniyar Koil North Street guideline value

The current guideline value of Subramaniyar Koil North Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO and is classified as Residential Class I Type - II.

How the guideline value of Subramaniyar Koil North Street has changed

The guideline value for Subramaniyar Koil North Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is a 10% increase from Rs 3,000 per sq.ft in the 2023 revision. The 2012 revision also recorded a value of Rs 3,000 per sq.ft, indicating no change from 2012 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The consistent value of Rs 3,000 per sq.ft from 2012 to 2023 reflects stability before the recent adjustment in 2024.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which matches the guideline value for Subramaniyar Koil North Street.

• Subramaniyar Koil 2nd Street: Rs 3,300 per sq.ft (2024)
• Subramaniyar Koil 1st Street: Rs 3,300 per sq.ft (2024)
• Subramaniya Nagar: Rs 2,160 per sq.ft (2024)
• Subhash Nagar: Rs 3,850 per sq.ft (2024)
• Subham Nagar Part I 10 V: Rs 3,850 per sq.ft (2024)
• Subham Nagar: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Subramaniyar Koil North Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Subramaniyar Koil North Street?

The Sub Registrar Office that covers Subramaniyar Koil North Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are transparent and adhere to the legal framework set by the Registration Department.

Frequently asked questions

What is the current guideline value for Subramaniyar Koil North Street?

The current guideline value for Subramaniyar Koil North Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 3,000 per sq.ft from 2012 to 2023, before increasing to Rs 3,300 per sq.ft in 2024, marking a 10% increase.

What is the land classification for Subramaniyar Koil North Street?

Subramaniyar Koil North Street is classified as Residential Class I Type - II.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which office do I need to visit for property registration in Zaminpallavaram?

The Pallavaram Sub Registrar Office is responsible for property registration in Zaminpallavaram. It is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.