Guideline Value for Subburayan Nayagar Street

Subburayan Nayagar Street guideline value

The current guideline value of Subburayan Nayagar Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Subburayan Nayagar Street has changed

The guideline value for Subburayan Nayagar Street has seen several revisions 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 28% rise. The value then rose to Rs 200 per sq.ft in 2007, representing a 67% increase. Following this, in 2012, the guideline value was Rs 1,000 per sq.ft, showing a significant 400% increase from the previous revision. However, this value decreased to Rs 670 per sq.ft in 2017, which was a decline of 33%. The value then increased to Rs 1,000 per sq.ft in 2023, and finally, in 2024, it stands at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

The overall change from 2002 to 2024 is a remarkable increase of 1,070%. There are no figures available for the revisions in years that are not listed in the register for this street.

Guideline values in Thirumullaivoyal

Thirumullaivoyal village has a total of 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft as of 2024. The median guideline value for the village is Rs 2,400 per sq.ft, positioning Subburayan Nayagar Street's 2024 value below this median.

• Subburayan Nagar (Appaswamy Nayagar Street): Rs 1,400 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 Nayagar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. 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 further calculations.

Which Sub Registrar Office covers Subburayan Nayagar Street?

The Sub Registrar Office covering Subburayan 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 plays a crucial role during the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the government receives the appropriate revenue from stamp duties and registration fees.

When a buyer or seller approaches the registration office, the guideline value is compared to the sale price of the property. The higher of the two values is used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Subburayan Nayagar Street?

The current guideline value of Subburayan Nayagar Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 94 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 1,070% over the years.

What is the median guideline value in Thirumullaivoyal?

The median guideline value for Thirumullaivoyal is Rs 2,400 per sq.ft as of 2024, with Subburayan Nayagar Street's value being below this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where is the Sub Registrar Office located for this street?

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