Guideline Value for Subramani Bharathi 1st Cross Street

Subramani Bharathi 1st Cross Street guideline value

The current guideline value of Subramani Bharathi 1st Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO and is classified as Residential Class I Type - I.

How the guideline value of Subramani Bharathi 1st Cross Street has changed

Over the years, the guideline value for Subramani Bharathi 1st Cross Street has seen significant changes. In the 2003 revision, the value was Rs 216 per sq.ft, which increased to Rs 300 per sq.ft in 2007, marking a 39% rise. The value then surged to Rs 1,206 per sq.ft in 2017, reflecting a substantial increase of 302%. The 2023 revision set the value at Rs 1,800 per sq.ft, which was a 49% increase from 2017. The most recent revision in 2024 has further raised the guideline value to Rs 1,980 per sq.ft, a 10% increase from 2023.

It is important to note that there are no figures available for the revisions in 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 817%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, which is the same as the current value for Subramani Bharathi 1st Cross Street.

• Subramani Bharathi 2nd Cross Street: Rs 1,980 per sq.ft (2024)
• Subramani Bharathi Street: Rs 1,980 per sq.ft (2024)
• Staling Nagar 2nd Street: Rs 1,320 per sq.ft (2024)
• Staling Nagar 1st Street: Rs 1,320 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 1,980 per sq.ft (2024)
• Thandai Periyar Nagar 1st Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Subramani Bharathi 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Subramani Bharathi 1st Cross Street?

The Sub Registrar Office that covers Subramani Bharathi 1st Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Anakaputhur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

During the registration process, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Subramani Bharathi 1st Cross Street?

The current guideline value for Subramani Bharathi 1st Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 216 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, an overall increase of 817% over this period.

What is the median guideline value for streets in Anakaputhur?

The median guideline value for the 501 streets in Anakaputhur under the Pammal SRO is Rs 1,980 per sq.ft, which is the same as the current value for Subramani Bharathi 1st Cross Street.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,78,200 based on the current guideline value.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office for Subramani Bharathi 1st Cross Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.