Guideline Value

Corporate

Guideline Value for Subburaya Nagar 1st Main Road

₹2420/sq.ft.

The guideline value for Subburaya Nagar 1st Main Road 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 ₹605 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹242 /sq.ft.
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 Subburaya Nagar 1st Main Road

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Subburaya Nagar 1st Main Road guideline value

The current guideline value of Subburaya Nagar 1st Main Road is Rs 2,420 per sq.ft, effective from 1 July 2024. This road is located in Thiruneermalai village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Subburaya Nagar 1st Main Road has changed

The guideline value for Subburaya Nagar 1st Main Road has seen significant changes over the years. In 2003, the guideline value was Rs 242 per sq.ft, which increased to Rs 605 per sq.ft in 2007, marking a change of +150%. This was followed by a substantial rise to Rs 1,474 per sq.ft in 2017, representing an increase of +144%. The value then rose to Rs 2,200 per sq.ft in 2023, a change of +49%. The latest revision in 2024 set the guideline value at Rs 2,420 per sq.ft, reflecting a +10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by +900%.

Guideline values in Thiruneermalai

In Thiruneermalai village, there are 316 streets under the Pammal SRO with 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 guideline value for Subburaya Nagar 1st Main Road.

Stamp duty and registration fee for property in Subburaya Nagar 1st Main Road

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, resulting in a total of Rs 2,17,800. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subburaya Nagar 1st Main Road?

The Sub Registrar Office that covers Subburaya Nagar 1st Main Road 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 details.

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

The guideline value is an important factor when buying or selling property in Thiruneermalai. It is used to determine the stamp duty and registration fees that are applicable during the registration process. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps ensure that all parties involved in a property transaction are aware of the financial obligations that come with the transfer of property ownership. It is essential to refer to the latest guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Subburaya Nagar 1st Main Road?

The current guideline value of Subburaya Nagar 1st Main Road is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 242 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, reflecting a total increase of +900% over the years.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Subburaya Nagar 1st Main Road is 7%, calculated on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How many streets in Thiruneermalai have a guideline value?

There are 316 streets in Thiruneermalai under the Pammal SRO that have a guideline value for 2024.