Guideline Value for Subbarayan ist lane

Subbarayan ist lane guideline value

The current guideline value of Subbarayan ist lane is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Subbarayan ist lane has changed

The guideline value for Subbarayan ist lane has seen significant changes over the years. In the 2007 revision, the value was Rs 1,000 per sq.ft. This increased dramatically to Rs 6,500 per sq.ft in the 2012 revision, marking a rise of 550%. However, it then decreased to Rs 4,355 per sq.ft in 2017, representing a decline of 33%. The value further rose to Rs 6,500 per sq.ft in 2023, and now stands at Rs 7,100 per sq.ft from the 2024 revision, which is a 9% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the current 2024 value, there has been a substantial increase of 610%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, which is equal to the current guideline value of Subbarayan ist lane.

• Subbarayan Mudali street: Rs 6,300 per sq.ft (2024)
• Subbarayan 3rd lane: Rs 7,100 per sq.ft (2024)
• Subbarayan 2nd lane: Rs 7,100 per sq.ft (2024)
• Subbaraya Gramani street: Rs 7,100 per sq.ft (2024)
• Stanley Nagar: Rs 2,800 per sq.ft (2024)
• Sulaiman Zachiariya street: Rs 8,300 per sq.ft (2024)

Stamp duty and registration fee for property in Subbarayan ist lane

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty, charged at 7%, would amount to Rs 4,97,000, while the registration fee at 2% would be Rs 1,42,000. Together, the total fees would be Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subbarayan ist lane?

The Sub Registrar Office that covers Subbarayan ist lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Egmore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When you register a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values for different streets and areas.

Frequently asked questions

What is the current guideline value of Subbarayan ist lane?

The current guideline value of Subbarayan ist lane is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,000 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Subbarayan ist lane?

Subbarayan ist lane falls under the Residential Class II Type - I land classification.

Where can I find the registration office for this area?

The registration office for Subbarayan ist lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value would incur a stamp duty of Rs 4,97,000.