Guideline Value for Subadral St

Subadral St guideline value

The current guideline value for Subadral St is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Subadral St has changed

Over the years, the guideline value for Subadral St has seen significant changes. The earliest recorded figure is from 2002, with a guideline value of Rs 593 per sq.ft. This increased to Rs 651 per sq.ft in 2003, marking a 10% rise. The value then rose dramatically to Rs 1,650 per sq.ft in 2007, reflecting a 153% increase. By 2012, the value remained at Rs 6,000 per sq.ft, showing no change from the previous revision. The 2023 revision also recorded Rs 6,000 per sq.ft, indicating stability before the latest increase.

The most recent revision in 2024 set the guideline value at Rs 6,600 per sq.ft, a 10% increase from the 2023 figure. Overall, from 2002 to 2024, the guideline value has increased by 1013%, demonstrating significant growth over the years. Notably, there is no recorded figure for the year 2017 for this street.

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 figure for Subadral St.

• Subadral Lane: 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 St

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total 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, bringing the total cost for these fees to Rs 5,94,000. It is important to note that the 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 Subadral St?

Subadral St falls under 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 during property transactions in Triplicane, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware that the guideline value is used to calculate stamp duty and registration fees, which are mandatory during the transfer of property.

When registering a property, the buyer should ensure that the sale price is not lower than the guideline value. This ensures that the appropriate taxes are paid and that the transaction complies with local regulations.

Frequently asked questions

What is the current guideline value for Subadral St?

The current guideline value for Subadral St 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 changed significantly from Rs 593 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 1013% over the years.

What are the registration fees for property in Subadral St?

For a property valued at 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.

Which Sub Registrar Office handles transactions for Subadral St?

The Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014, handles transactions for Subadral St.

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 Lane, Subbaraya Chetty Street, Subbaraya Mudali Street, Subbarayan Street, and Subedar Hussain Street.