Guideline Value for Subash Chandrabose Street

Subash Chandrabose Street guideline value

The current guideline value of Subash Chandrabose Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Subash Chandrabose Street has changed

Over the years, the guideline value of Subash Chandrabose Street has seen significant changes. In 2007, the guideline value was Rs 400 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012. However, this value dropped by 33% to Rs 1,340 per sq.ft in 2017. The value then rose sharply to Rs 2,000 per sq.ft in 2023, followed by a further increase of 10% to the current Rs 2,200 per sq.ft in 2024.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which matches the current guideline value of Subash Chandrabose Street.

• Subramaniar Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• S.S.Koil Street: Rs 1,600 per sq.ft (2024)
• Subramani Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Sundaram Street: Rs 2,400 per sq.ft (2024)
• Sundharanar Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• S.V.Koil Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Subash Chandrabose Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subash Chandrabose Street?

The Subash Chandrabose Street is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on this value.

When a property is sold, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Subash Chandrabose Street?

The current guideline value of Subash Chandrabose Street is Rs 2,200 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 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 450% over this period.

What is the land classification for Subash Chandrabose Street?

The land classification for Subash Chandrabose Street is Residential Special Type - II.

What are the stamp duty rates for properties in this area?

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

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.