Guideline Value

Corporate

Guideline Value for Subash Nagar Annex II

₹550/sq.ft.

The guideline value for Subash Nagar Annex Ii in Payasampakkam village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 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

Payasampakkam

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[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 Subash Nagar Annex Ii

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Subash Nagar Annex II guideline value

The current guideline value of Subash Nagar Annex II is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Payasampakkam village and falls under the Redhills SRO, classified as Residential Class I Type - I.

How the guideline value of Subash Nagar Annex II has changed

The guideline value for Subash Nagar Annex II has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 300 per sq.ft. This increased to Rs 500 per sq.ft in 2012, but then saw a decrease to Rs 335 per sq.ft in 2017. The value rose significantly to Rs 500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 550 per sq.ft, marking a 10% increase from the previous year.

From 2007 to 2024, the overall change in guideline value is an increase of 83%. Notably, there are no recorded figures for the years 2002 and 2003 for this street in the register.

Guideline values in Payasampakkam

In Payasampakkam, there are 20 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 660 per sq.ft. The median value is Rs 550 per sq.ft, which is the same as the current figure for Subash Nagar Annex II.

Stamp duty and registration fee for property in Subash Nagar Annex II

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty, charged at 7%, would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Subash Nagar Annex II?

Subash Nagar Annex II is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Payasampakkam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer registers a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the transaction is assessed fairly based on the established values in the area.

Frequently asked questions

What is the current guideline value of Subash Nagar Annex II?

The current guideline value of Subash Nagar Annex II is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, marking an overall increase of 83%. The most recent revision increased the value by 10% from Rs 500 per sq.ft in 2023.

What are the other streets in Payasampakkam and their guideline values?

Other streets in Payasampakkam include Subash Nagar Annex, Subhash Nagar, TamilNadu Dyes & Chemicals Merchants Association, Thirumugan Nagar, Thirupathi Nagar, and Thiruppathi Nagar Extn., with values ranging from Rs 440 to Rs 660 per sq.ft.

How is the stamp duty calculated for properties in Subash Nagar Annex II?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at a rate of 7%.

Where can I find the Sub Registrar Office for Subash Nagar Annex II?

The Sub Registrar Office covering Subash Nagar Annex II is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find more information online.