Guideline Value

Corporate

Guideline Value for Subhalakshmi Nagar

₹1320/sq.ft.

The guideline value for Subhalakshmi Nagar in Thirumudivakkam village (Padappai SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumudivakkam

Village

Padappai

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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]

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Subhalakshmi Nagar guideline value

The current guideline value of Subhalakshmi Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Thirumudivakkam village under the Padappai SRO, and is classified as Residential Special Type - I.

How the guideline value of Subhalakshmi Nagar has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure changed to Rs 804 per sq.ft in the 2017 revision, marking a decrease of 33%. However, in the 2023 revision, the value increased significantly to Rs 1,200 per sq.ft, and then rose again to Rs 1,320 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The change from 2017 to 2023 saw a notable increase of 49%, demonstrating a significant shift in the valuation of properties in this area.

Guideline values in Thirumudivakkam

Thirumudivakkam village has 56 streets under the Padappai SRO, with guideline values ranging from Rs 660 to Rs 3,860 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, which is equal to the guideline value of Subhalakshmi Nagar.

Stamp duty and registration fee for property in Subhalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. Please note that 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 information.

Which Sub Registrar Office covers Subhalakshmi Nagar?

The Sub Registrar Office that covers Subhalakshmi Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Thirumudivakkam, the guideline value is used to calculate stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

It is important to be aware that the guideline value may vary by street and is subject to periodic revisions by the Registration Department. Buyers and sellers should always check the latest guideline values to ensure compliance during the registration process.

Frequently asked questions

What is the current guideline value of Subhalakshmi Nagar?

The current guideline value of Subhalakshmi Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the other streets in Thirumudivakkam?

Other streets in Thirumudivakkam include Swagatham Nagar, Thai Thillai Nagar, Srinivasa Garden, Sri Mahalakshmi Co-operative society nagar, Sri Krishna Nagar Phase II, and Sri Krishna Nagar, each with varying guideline values.

How is stamp duty calculated in Subhalakshmi Nagar?

Stamp duty in Subhalakshmi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Registration fees are also applicable at 2% of the guideline value.

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

The Sub Registrar Office for Subhalakshmi Nagar is located at Padappai Sub Registrar Office, 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.