Guideline Value

Corporate

Guideline Value for Subbarayan Nagar

₹1430/sq.ft.

The guideline value for Subbarayan Nagar in Kunrathour-b village (Kunrathur SRO, Chennai zone) is Rs 1430 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kunrathour-b

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1430 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /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)

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]

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Subbarayan Nagar guideline value

The current guideline value of Subbarayan Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village and falls under the Kunrathur SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Subbarayan Nagar has changed

The guideline value for Subbarayan Nagar has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 871 per sq.ft. This amount increased to Rs 1,300 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,430 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Subbarayan Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Subbarayan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would amount to Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, making the total charges Rs 1,28,700. 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 details.

Which Sub Registrar Office covers Subbarayan Nagar?

The Sub Registrar Office that covers Subbarayan Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069, within the Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor when registering a property in Kunrathour-B. It determines the amount of stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that the guideline value is used to assess the official value of the property for registration purposes.

When buying or selling property, it is essential to consider the guideline value as it may impact the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Subbarayan Nagar?

The current guideline value of Subbarayan Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 871 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2023, and then to Rs 1,430 per sq.ft in 2024. This represents an increase of 64% from 2017 to 2024.

What is the land classification of Subbarayan Nagar?

Subbarayan Nagar is classified as Residential Special Type - II. This classification is important for understanding the usage and development potential of the land.

Where can I find the Sub Registrar Office for Subbarayan Nagar?

The Sub Registrar Office for Subbarayan Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles all registrations for properties in the area.

How is stamp duty calculated for properties in Subbarayan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 14,30,000, leading to a stamp duty of Rs 1,00,100.