Guideline Value

Corporate

Guideline Value for Subash Nagar Annex

₹440/sq.ft.

The guideline value for Subash Nagar Annex in Payasampakkam village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Payasampakkam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /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

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Subash Nagar Annex guideline value

The current guideline value of Subash Nagar Annex, located in Payasampakkam village under the Redhills SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Subash Nagar Annex has changed

The guideline value for Subash Nagar Annex has undergone several revisions over the years. The earliest recorded value was Rs 300 per sq.ft in 2007, which increased to Rs 400 per sq.ft in 2012. However, this value decreased to Rs 268 per sq.ft in 2017, before rising again to Rs 400 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 440 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, the changes were notable. From 2017 to 2023, the guideline value increased by 49%. The value from 2012 to 2017 saw a decrease of 33%, while from 2007 to 2012, it increased by 33%. Overall, from 2007 to 2024, the guideline value has increased by 47%. The register does not have figures for the years 2002 and 2003 for this street.

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, with a median value of Rs 550 per sq.ft. The guideline value for Subash Nagar Annex is below this median.

Stamp duty and registration fee for property in Subash Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subash Nagar Annex?

The Sub Registrar Office that covers Subash Nagar Annex is 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 details.

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

The guideline value is a critical factor in property transactions in Payasampakkam. It serves as a basis for calculating stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations and to accurately assess the costs involved in the transaction.

When a property is registered, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Subash Nagar Annex?

The current guideline value of Subash Nagar Annex is Rs 440 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 440 per sq.ft in 2024, with various revisions in between, including a decrease and subsequent increases.

What is the land classification for Subash Nagar Annex?

Subash Nagar Annex is classified as Residential Class II Type - I land.

Where can I find the registration office for Subash Nagar Annex?

The registration office for Subash Nagar Annex is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 4,40,000, the stamp duty would be Rs 30,800 at a rate of 7%.