Guideline Value for SUBRAMNIA NAGAR 1ST STREET

Subramnia Nagar 1st Street guideline value

The current guideline value of Subramnia Nagar 1st Street is Rs 1,099 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village under the Thiruttani SRO, classified as Residential Class I Type - I.

How the guideline value of Subramnia Nagar 1st Street has changed

The guideline value for Subramnia Nagar 1st Street has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. This marks a 49% increase from 2017 to 2023. The most recent revision in 2024 has further increased the guideline value to Rs 1,099 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for Subramnia Nagar 1st Street in the revisions of 2002, 2003, 2007, and 2012.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median guideline value across these streets is Rs 825 per sq.ft, placing Subramnia Nagar 1st Street's 2024 figure above this median.

• Subramnia Nagar 2nd Street: Rs 1,099 per sq.ft (2024)
• Subramnia Nagar 3rd Street: Rs 1,099 per sq.ft (2024)
• Subramnia Nagar 4th Street: Rs 1,099 per sq.ft (2024)
• Subramaniapuram: Rs 825 per sq.ft (2024)
• Subramanianagar 5th Street: Rs 1,099 per sq.ft (2024)
• Subramaniam Maistry Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Subramnia Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,099 per sq.ft, the total guideline value would be Rs 10,99,000. The stamp duty at 7% would amount to Rs 76,930, and the registration fee at 2% would be Rs 21,980. Together, the total cost for stamp duty and registration fee would be Rs 98,910. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subramnia Nagar 1st Street?

The Sub Registrar Office that covers Subramnia Nagar 1st Street is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Tiruttani. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property for taxation purposes. This value is used to calculate the stamp duty and registration fees, which are mandatory costs incurred during the property transfer process.

Frequently asked questions

What is the current guideline value of Subramnia Nagar 1st Street?

The current guideline value of Subramnia Nagar 1st Street is Rs 1,099 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 670 per sq.ft to Rs 1,099 per sq.ft in 2024, marking an overall increase of 64%.

What are the other streets with the same guideline value?

Other streets in Tiruttani that share the same guideline value of Rs 1,099 per sq.ft in 2024 include Subramnia Nagar 2nd Street, Subramnia Nagar 3rd Street, Subramnia Nagar 4th Street, and Subramanianagar 5th Street.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles registrations for Subramnia Nagar 1st Street?

The Thiruttani Sub Registrar Office handles registrations for Subramnia Nagar 1st Street, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.