Guideline Value for Subadral Lane

Subadral Lane guideline value

The current guideline value of Subadral Lane is Rs 6,600 per sq.ft, effective from 1 July 2024. This lane is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class I Type - I.

How the guideline value of Subadral Lane has changed

The guideline value for Subadral Lane has seen significant changes over the years. In 2002, the value was Rs 507 per sq.ft, which increased to Rs 557 per sq.ft in 2003, marking a 10% rise. The value then rose dramatically to Rs 1,650 per sq.ft in 2007, a 196% increase. By 2012, it remained at Rs 6,000 per sq.ft, and this value continued unchanged until 2023. The 2024 revision brought the current guideline value to Rs 6,600 per sq.ft, reflecting a 10% increase from the previous year.

Notably, there is no figure available for the 2017 revision for Subadral Lane. Overall, from 2002 to 2024, the guideline value has increased by 1202%, indicating a substantial rise over the years.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, which is equal to the current guideline value of Subadral Lane.

• Subadral St: Rs 6,600 per sq.ft (2024)
• Subbaraya Chetty Street: Rs 6,600 per sq.ft (2024)
• Subbaraya Mudali Street: Rs 6,600 per sq.ft (2024)
• State Bank Street: Rs 13,200 per sq.ft (2024)
• Subbarayan Street: Rs 6,600 per sq.ft (2024)
• Subedar Hussain Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Subadral Lane

For a 1,000 sq.ft plot at the current rate of Rs 6,600 per sq.ft, the guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subadral Lane?

The Sub Registrar Office covering Subadral Lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Subadral Lane?

The current guideline value of Subadral Lane is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 507 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 1202%.

What is the stamp duty rate for properties in Subadral Lane?

The stamp duty rate for properties in Subadral Lane is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Subadral Lane?

The Sub Registrar Office for Subadral Lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

Are there other streets with the same guideline value in Triplicane?

Yes, there are several other streets in Triplicane with the same guideline value of Rs 6,600 per sq.ft, including Subadral St, Subbaraya Chetty Street, Subbaraya Mudali Street, Subbarayan Street, and Subedar Hussain Street.