Guideline Value

Corporate

Guideline Value for Subash Street

₹2310/sq.ft.

The guideline value for Subash Street in Perungalathur village (Padappai SRO, Chennai zone) is Rs 2310 per sq.ft, effective 1 July 2024. It was Rs 2100 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

Perungalathur

Village

Padappai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2310 /sq.ft.
From 1-4-2023 ₹2100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1407 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2100 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Subash Street guideline value

The current guideline value of Subash Street in Perungalathur village, under the Padappai SRO, is Rs 2,310 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Subash Street has changed

Over the years, the guideline value of Subash Street has seen significant changes. The earliest recorded revision in 2007 set the value at Rs 250 per sq.ft. This figure increased dramatically to Rs 2,100 per sq.ft in 2012, marking a 740% rise. However, from 2012 to 2017, the value decreased to Rs 1,407 per sq.ft, a decline of 33%. The next revision in 2023 brought the value up to Rs 2,100 per sq.ft, followed by the current value of Rs 2,310 per sq.ft in 2024, reflecting a 10% increase.

There are no recorded figures for Subash Street in the years 2002 and 2003. From 2017 to 2023, the guideline value increased by 49%, and overall, from 2007 to 2024, it has risen by 824%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, which is the same as the current guideline value for Subash Street.

Stamp duty and registration fee for property in Subash Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 23,10,000. The stamp duty, charged at 7%, would be Rs 1,61,700, while the registration fee at 2% would be Rs 46,200. Together, the total cost for these fees would be Rs 2,07,900. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subash Street?

The Subash Street is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. For more information, you can find your SRO.

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

When buying or selling property in Perungalathur, the guideline value plays a crucial role in determining the registration fees and stamp duty. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value as it influences the overall cost of property transactions. Understanding this value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Subash Street?

The current guideline value of Subash Street is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 250 per sq.ft in 2007 to Rs 2,310 per sq.ft in 2024, which is an overall increase of 824%.

What is the registration office for Subash Street?

The registration office for Subash Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Subash Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Registration fees are charged at 2% of the guideline value.

What are the guideline values of other streets in Perungalathur?

Other streets in Perungalathur have varying guideline values, with rates ranging from Rs 1,320 to Rs 5,500 per sq.ft. For instance, Subbammal Nagar, Subadhra Theru, and S.S. Avenue all have a guideline value of Rs 1,650 per sq.ft in 2024.