Guideline Value

Corporate

Guideline Value for Subhalakshmi Nagar

₹660/sq.ft.

The guideline value for Subhalakshmi Nagar in Kolacheri village (Kunrathur SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 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:

Chennai

Zone

Kolacheri

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Subhalakshmi Nagar

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Subhalakshmi Nagar guideline value

The current guideline value of Subhalakshmi Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kolacheri village and falls under the Kunrathur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Subhalakshmi Nagar has changed

Over the years, the guideline value of Subhalakshmi Nagar has seen several revisions. The 2007 revision set the rate at Rs 250 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a 140% rise. However, this value dropped to Rs 402 per sq.ft in 2017, reflecting a decrease of 33%. The subsequent revision in 2023 brought the value back up to Rs 600 per sq.ft, and the latest revision in 2024 has set the guideline value at Rs 660 per sq.ft, a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 164%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kolacheri

In Kolacheri village, there are 13 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 2,450 per sq.ft. The median guideline value is Rs 660 per sq.ft, making Subhalakshmi Nagar's current rate equal to this median.

Stamp duty and registration fee for property in Subhalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, resulting in a total of Rs 59,400. 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 further assistance.

Which Sub Registrar Office covers Subhalakshmi Nagar?

The Sub Registrar Office that covers Subhalakshmi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolacheri. It is used to determine the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the guideline value serves as a benchmark for calculating the costs associated with the registration. Buyers should be aware that the fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Subhalakshmi Nagar?

The current guideline value of Subhalakshmi Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 164% over the years.

What are the other streets in Kolacheri with the same guideline value?

Other streets in Kolacheri that share the same guideline value of Rs 660 per sq.ft include Sri Rajarajeswari Nagar, Sri Ponniamman Nagar, Sri Panjali Amman Nagar, Sri Karumariamman Nagar Phase I, Sri Karumariamman Nagar & Extn, and Sri Karumariamman Nagar Annexe.

What is the registration fee for property in Subhalakshmi Nagar?

The registration fee for property in Subhalakshmi Nagar is calculated based on the guideline value. For example, a 1,000 sq.ft plot at the current rate would incur a registration fee of Rs 13,200.

Where can I find the Sub Registrar Office for Subhalakshmi Nagar?

The Sub Registrar Office for Subhalakshmi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.