Guideline Value for SUBRAMNIA NAGAR 3RD STREET

Subramnia Nagar 3rd Street guideline value

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

In the 2017 revision, the guideline value was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 saw another increase to Rs 1,099 per sq.ft, which is 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 figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO with a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft. The median value is Rs 825 per sq.ft, placing Subramnia Nagar 3rd Street's 2024 figure above this median.

• Subramnia Nagar 2nd Street: Rs 1,099 per sq.ft (2024)
• Subramnia Nagar 4th Street: Rs 1,099 per sq.ft (2024)
• Subramnia Nagar 1st 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 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 1,099 per sq.ft, the guideline value amounts to Rs 10,99,000. The stamp duty at 7% would be Rs 76,930, and the registration fee at 2% would be Rs 21,980, bringing the total to Rs 98,910. It is important to note that 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 information.

Which Sub Registrar Office covers Subramnia Nagar 3rd Street?

The Sub Registrar Office that covers Subramnia Nagar 3rd 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 further assistance.

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

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

When buying or selling property, the guideline value helps both parties understand the valuation of the property. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can significantly affect the total cost of the transaction.

Frequently asked questions

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

The current guideline value of Subramnia Nagar 3rd 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 then to Rs 1,099 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

What is the land classification for Subramnia Nagar 3rd Street?

Subramnia Nagar 3rd Street is classified as Residential Class I Type - I, which indicates its designation for residential use.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 10,99,000, the stamp duty would be Rs 76,930, and the registration fee would be Rs 21,980, totaling Rs 98,910. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Subramnia Nagar 3rd 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.