Guideline Value for Subburaya Nagar 4th Street

Subburaya Nagar 4th Street guideline value

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

How the guideline value of Subburaya Nagar 4th Street has changed

The guideline value for Subburaya Nagar 4th Street has undergone several revisions over the years. In 2003, the guideline value was Rs 242 per sq.ft. This increased to Rs 350 per sq.ft in 2007, marking a change of +45%. By 2017, the value rose significantly to Rs 1,474 per sq.ft, which is a remarkable increase of +321%. The 2023 revision set the value at Rs 2,200 per sq.ft, reflecting a +49% change from the previous revision. The current guideline value is Rs 2,420 per sq.ft as of the 2024 revision, which is a +10% increase from 2023.

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

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, and Subburaya Nagar 4th Street's 2024 figure matches this median.

• Subburaya Nagar 3rd Street: Rs 2,420 per sq.ft (2024)
• Subburaya Nagar 5th Street: Rs 2,420 per sq.ft (2024)
• Subburaya Nagar 2nd Street: Rs 2,420 per sq.ft (2024)
• Subburaya Nagar 6th Street: Rs 2,420 per sq.ft (2024)
• Subburaya Nagar 2nd Main Road: Rs 2,420 per sq.ft (2024)
• Subburaya Nagar 7th Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Subburaya Nagar 4th 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subburaya Nagar 4th Street?

The Sub Registrar Office that covers Subburaya Nagar 4th 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Thiruneermalai. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any issues during registration.

Frequently asked questions

What is the current guideline value for Subburaya Nagar 4th Street?

The current guideline value for Subburaya Nagar 4th Street 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, marking an overall increase of +900% over the years.

What is the land classification for Subburaya Nagar 4th Street?

Subburaya Nagar 4th Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone, covers Subburaya Nagar 4th Street.

How is the stamp duty calculated for properties in Subburaya Nagar 4th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additional registration fees are charged at 2% of the guideline value.