Guideline Value

Corporate

Guideline Value for SUBRAMNIA NAGAR 2ND STREET

₹1099/sq.ft.

The guideline value for Subramnia Nagar 2nd Street in Tiruttani village (Thiruttani SRO, Chennai zone) is Rs 1099 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tiruttani

Village

Thiruttani

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1099 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209
044-27881504
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Subramnia Nagar 2nd Street

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Subramnia Nagar 2nd Street guideline value

The current guideline value of Subramnia Nagar 2nd Street is Rs 1,099 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village, under the Thiruttani SRO, and is classified as Residential Class I Type - I.

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

The guideline value for Subramnia Nagar 2nd Street has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the guideline value to Rs 1,099 per sq.ft, marking a 10% increase 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 figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

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 for these streets is Rs 825 per sq.ft, placing Subramnia Nagar 2nd Street's 2024 figure above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,099 per sq.ft, the 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, totaling Rs 98,910. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subramnia Nagar 2nd Street?

The Sub Registrar Office that covers Subramnia Nagar 2nd 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tiruttani. It is used to determine the stamp duty and registration fees payable during the transaction, ensuring that the government receives the appropriate revenue from property sales.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that property transactions are fairly assessed and that the necessary taxes are collected based on the property's value.

Frequently asked questions

What is the current guideline value for Subramnia Nagar 2nd Street?

The current guideline value for Subramnia Nagar 2nd Street is Rs 1,099 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and now to Rs 1,099 per sq.ft in 2024. This represents a 64% increase overall from 2017 to 2024.

What is the registration fee for properties in Subramnia Nagar 2nd Street?

The registration fee for properties in Subramnia Nagar 2nd Street is 2% of the guideline value. For a property valued at Rs 10,99,000, the registration fee would be Rs 21,980.

Which office handles property registrations in Tiruttani?

The Thiruttani Sub Registrar Office handles property registrations in Tiruttani. It is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

How is stamp duty calculated for properties in Tiruttani?

Stamp duty in Tiruttani is calculated based on the higher of the guideline value or the sale price of the property. Currently, the stamp duty rate is 7% of the applicable value.