Guideline Value

Corporate

Guideline Value for Subbalakshmi Nagar

₹650/sq.ft.

The guideline value for Subbalakshmi Nagar in Moonramkattalai village (Kunrathur SRO, Chennai zone) is Rs 650 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Moonramkattalai

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹650 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Subbalakshmi Nagar

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

Subbalakshmi Nagar guideline value

The current guideline value of Subbalakshmi Nagar is Rs 650 per sq.ft, effective from 1 July 2024. This area is located in Moonramkattalai village under the Kunrathur SRO and is classified as Residential Class I Type - I.

How the guideline value of Subbalakshmi Nagar has changed

Over the years, the guideline value of Subbalakshmi Nagar has seen several revisions. The earliest recorded figure is from 2007, which was Rs 150 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017. Following this, the value rose to Rs 600 per sq.ft in 2023 and has now increased to Rs 650 per sq.ft in the 2024 revision.

The changes between the revisions have been notable. From 2007 to 2012, there was a substantial increase of 300%. However, from 2012 to 2017, the value decreased by 33%. The guideline value then rose by 49% from 2017 to 2023, and finally, there was an 8% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 333%.

Guideline values in Moonramkattalai

In Moonramkattalai, there are 43 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 650 to Rs 2,750 per sq.ft. The median value for these streets is Rs 650 per sq.ft, which is equal to the guideline value of Subbalakshmi Nagar.

Stamp duty and registration fee for property in Subbalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 650 per sq.ft, the total guideline value amounts to Rs 6,50,000. The stamp duty at 7% would be Rs 45,500, and the registration fee at 2% would be Rs 13,000, bringing the total fees to Rs 58,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Subbalakshmi Nagar?

The Sub Registrar Office that covers Subbalakshmi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial aspect of property transactions in Moonramkattalai. It serves as the basis for calculating the stamp duty and registration fees when a property is bought or sold. Buyers and sellers must refer to the latest guideline value to ensure compliance with local regulations.

When registering a property, the guideline value helps determine the official value of the property for legal and taxation purposes. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid based on the established rates.

Frequently asked questions

What is the current guideline value of Subbalakshmi Nagar?

The current guideline value of Subbalakshmi Nagar is Rs 650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 150 per sq.ft in 2007 to Rs 650 per sq.ft in 2024, with various increases and decreases in between.

What is the registration office for Subbalakshmi Nagar?

The registration office for Subbalakshmi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated in Subbalakshmi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 650 per sq.ft incurs a total guideline value of Rs 6,50,000.

What are the other streets with the same guideline value in Moonramkattalai?

Other streets in Moonramkattalai that share the same guideline value of Rs 650 per sq.ft include Sultan House 2nd Santhu, Sultan House Ist Santhu, and several streets in the Sri Saravana Nagar area.