Guideline Value for SUBRAMANYA NAGAR 3RD STREET

Subramanya Nagar 3rd Street guideline value

The current guideline value of Subramanya Nagar 3rd 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 3rd Street has changed

The guideline value for Subramanya Nagar 3rd Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 5,800 per sq.ft, which is an increase of 9% from the 2023 revision of Rs 5,300 per sq.ft. Prior to that, the value remained unchanged from the 2012 revision, which was also Rs 5,300 per sq.ft.

Looking further back, the guideline value was significantly lower in 2007 at Rs 1,650 per sq.ft. This marked a substantial increase of 221% by the time of the 2012 revision. Overall, from 2007 to 2024, the guideline value has increased by 252%. Note that there are no figures available for the revisions in 2017, 2003, and 2002 for this street.

Guideline values in Puliyur

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

• Subramanya Nagar 2nd Street: Rs 5,800 per sq.ft (2024)
• Subramanya Nagar 1st 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value comes to 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, resulting in a total of Rs 5,22,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subramanya Nagar 3rd Street?

The Sub Registrar Office that covers Subramanya Nagar 3rd 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 is a critical factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value of Subramanya Nagar 3rd Street?

The current guideline value of Subramanya Nagar 3rd 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 this period.

What is the stamp duty rate for property in Subramanya Nagar 3rd Street?

The stamp duty rate for property transactions in Subramanya Nagar 3rd Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What are the other streets in Puliyur with similar guideline values?

Other streets in Puliyur with similar guideline values include Subramanya Nagar 2nd Street and Subramanya Nagar 1st Street, both valued at Rs 5,800 per sq.ft in 2024.