Guideline Value for Subramani Bharathi 2nd Cross Street

Subramani Bharathi 2nd Cross Street guideline value

The current guideline value of Subramani Bharathi 2nd Cross Street is Rs 1,980 per sq.ft. 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 2nd Cross Street has changed

The guideline value for Subramani Bharathi 2nd Cross Street has seen significant changes over the years. In 2003, the guideline value was Rs 216 per sq.ft, which increased to Rs 300 per sq.ft in 2007, marking a rise of 39%. By 2017, the value jumped to Rs 1,206 per sq.ft, reflecting a substantial increase of 302%. The most recent revisions show that in 2023, the value was Rs 1,800 per sq.ft, and it has now risen to Rs 1,980 per sq.ft in 2024, which is a 10% increase.

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 equal to the current value of Subramani Bharathi 2nd Cross Street.

• Subramani Bharathi 1st 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 2nd 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 cost for stamp duty and registration 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subramani Bharathi 2nd Cross Street?

The Sub Registrar Office that covers Subramani Bharathi 2nd 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is transparent and that the property is valued fairly according to the established guidelines.

Frequently asked questions

What is the current guideline value of Subramani Bharathi 2nd Cross Street?

The current guideline value of Subramani Bharathi 2nd 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 changed significantly, starting from Rs 216 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, representing an overall increase of 817% over this period.

What is the land classification for Subramani Bharathi 2nd Cross Street?

Subramani Bharathi 2nd Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Anakaputhur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 19,80,000 would incur a stamp duty of Rs 1,38,600 at the rate of 7%.