Guideline Value for SUBRAMANYA NAGAR 2ND STREET

Subramanya Nagar 2nd Street guideline value

The current guideline value of Subramanya Nagar 2nd Street is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO and is classified as Residential Class I Type - I.

How the guideline value of Subramanya Nagar 2nd Street has changed

The guideline value for Subramanya Nagar 2nd Street has seen several revisions over the years. In 2007, the value was Rs 1,650 per sq.ft, which increased significantly to Rs 5,300 per sq.ft in 2012. However, it dropped to Rs 3,551 per sq.ft in 2017, before rising again to Rs 5,300 per sq.ft in 2023, and finally reaching Rs 5,800 per sq.ft in the 2024 revision. The overall increase from 2007 to 2024 is 252%.

From 2023 to 2024, there was a change of +9%, while the increase from 2017 to 2023 was +49%. The transition from 2012 to 2017 saw a decrease of -33%, and the jump from 2007 to 2012 was +221%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, which matches the guideline value of Subramanya Nagar 2nd Street.

• Subramanya Nagar 1st Street: Rs 5,800 per sq.ft (2024)
• Subramanya Nagar 3rd Street: Rs 5,800 per sq.ft (2024)
• Subramaniya Nagar Main Nagar: Rs 6,300 per sq.ft (2024)
• Subramaniya Nagar Cross Street: Rs 5,800 per sq.ft (2024)
• Subramanian Street: Rs 4,400 per sq.ft (2024)
• Subedar Garden: Rs 4,600 per sq.ft (2024)

Stamp duty and registration fee for property in Subramanya Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value would be Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, making the total cost for these charges Rs 5,22,000. 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 details.

Which Sub Registrar Office covers Subramanya Nagar 2nd Street?

The Sub Registrar Office that covers Subramanya Nagar 2nd Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Puliyur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the government and is subject to periodic revisions, reflecting changes in the real estate landscape.

When selling property, the guideline value helps establish a baseline for the sale price. Buyers and sellers often refer to this value to ensure that the transaction is compliant with local regulations and to calculate the associated costs accurately.

Frequently asked questions

What is the current guideline value of Subramanya Nagar 2nd Street?

The current guideline value of Subramanya Nagar 2nd Street is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,650 per sq.ft in 2007 to Rs 5,800 per sq.ft in 2024, reflecting an overall increase of 252% over these years.

What is the role of the Kodambakkam SRO?

The Kodambakkam SRO is responsible for maintaining the guideline values for properties in the area, including Subramanya Nagar 2nd Street, and overseeing the registration of property transactions.

How do I calculate stamp duty and registration fees?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. You can use the stamp duty and registration fee calculator for precise calculations.

Where can I find the Kodambakkam Sub Registrar Office?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can also find your SRO for more information.