Guideline Value

Corporate

Guideline Value for Subbarayan Nagar 4st Cross Street

₹2420/sq.ft.

The guideline value for Subbarayan Nagar 4st Cross Street in Thiruneermalai village (Pammal SRO, Chengalpattu zone) is Rs 2420 per sq.ft, effective 1 July 2024. It was Rs 2200 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:

Chengalpattu

Zone

Thiruneermalai

Village

Pammal

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2420 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Subbarayan Nagar 4st Cross Street

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Subbarayan Nagar 4st Cross Street guideline value

The current guideline value of Subbarayan Nagar 4st Cross Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Subbarayan Nagar 4st Cross Street has changed

The guideline value for Subbarayan Nagar 4st Cross Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,474 per sq.ft, which increased to Rs 2,200 per sq.ft in the 2023 revision. The most recent 2024 revision increased this value to Rs 2,420 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The changes between the revisions indicate significant growth, with a 49% increase from 2017 to 2023, and the current value aligns with the median guideline value for the village.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value is Rs 2,420 per sq.ft, which is the same as the current guideline value for Subbarayan Nagar 4st Cross Street.

Stamp duty and registration fee for property in Subbarayan Nagar 4st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subbarayan Nagar 4st Cross Street?

The Sub Registrar Office that covers Subbarayan Nagar 4st Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Thiruneermalai. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are conducted at a fair price as per the government’s assessment.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs that must be settled during the registration process. This ensures that both the buyer and seller adhere to the legal requirements set forth by the state.

Frequently asked questions

What is the current guideline value for Subbarayan Nagar 4st Cross Street?

The current guideline value for Subbarayan Nagar 4st Cross Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

The guideline value has increased from Rs 1,474 per sq.ft in 2017 to Rs 2,420 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 24,20,000, the stamp duty is Rs 1,69,400 and the registration fee is Rs 48,400, totaling Rs 2,17,800. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Subbarayan Nagar 4st Cross Street?

The Pammal Sub Registrar Office handles registrations for Subbarayan Nagar 4st Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there other streets with the same guideline value in Thiruneermalai?

Yes, several other streets in Thiruneermalai also have a guideline value of Rs 2,420 per sq.ft in 2024, including Subbuayya Nagar and various streets in Subburaya Nagar.