Guideline Value for Subburayan Nagar (Appaswamy Nayagar Street)

Subburayan Nagar (Appaswamy Nayagar Street) guideline value

The current guideline value of Subburayan Nagar (Appaswamy Nayagar Street) is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class III Type - III.

How the guideline value of Subburayan Nagar (Appaswamy Nayagar Street) has changed

The guideline value has seen significant changes over the years. In 2002, the value was Rs 94 per sq.ft, which increased to Rs 120 per sq.ft in 2003, marking a rise of 28%. Following this, the value rose to Rs 200 per sq.ft in 2007, an increase of 67%. The guideline value then experienced a substantial jump to Rs 1,300 per sq.ft in 2012, reflecting a 550% increase. However, it fell to Rs 871 per sq.ft in 2017, a decrease of 33%. The value climbed to Rs 1,300 per sq.ft in 2023, and most recently, it increased to Rs 1,400 per sq.ft in 2024, which is an 8% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1389%. There are no figures available for revisions in the years not listed in the register for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, placing Subburayan Nagar (Appaswamy Nayagar Street) below this median.

• Subburayan Nayagar Street: Rs 1,100 per sq.ft (2024)
• Subramaniam Nagar: Rs 1,400 per sq.ft (2024)
• Subash Street (S.No.194): Rs 1,400 per sq.ft (2024)
• Subash Street (Devi Nagar): Rs 2,400 per sq.ft (2024)
• St.Peters Nagaram: Rs 1,100 per sq.ft (2024)
• St. Peters Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Subburayan Nagar (Appaswamy Nayagar Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total fees to Rs 1,26,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Subburayan Nagar (Appaswamy Nayagar Street)?

The Sub Registrar Office that covers Subburayan Nagar (Appaswamy Nayagar Street) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thirumullaivoyal. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in the official records.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Subburayan Nagar (Appaswamy Nayagar Street)?

The current guideline value of Subburayan Nagar (Appaswamy Nayagar Street) is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 94 per sq.ft in 2002 to Rs 1,400 per sq.ft in 2024, reflecting an overall increase of 1389% over the years.

What is the classification of land in Subburayan Nagar?

Subburayan Nagar (Appaswamy Nayagar Street) is classified as Residential Class III Type - III.

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

The Sub Registrar Office for Subburayan Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Subburayan Nagar?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 14,00,000 would incur a stamp duty of Rs 98,000.