Guideline Value for Subramani Bharathi Street

Subramani Bharathi Street guideline value

The current guideline value of Subramani Bharathi 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 Street has changed

The guideline value for Subramani Bharathi Street has seen significant changes over the years. In the 2003 revision, the value was Rs 216 per sq.ft, which increased to Rs 300 per sq.ft in 2007. The 2017 revision marked a substantial rise to Rs 1,206 per sq.ft, followed by another increase to Rs 1,800 per sq.ft in 2023. The current value of Rs 1,980 per sq.ft in 2024 represents a 10% increase from the previous year.

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

Guideline values in Anakaputhur

Anakaputhur village has a total of 501 streets under the Pammal SRO, with the 2024 guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value is Rs 1,980 per sq.ft, which is the same as the current value for Subramani Bharathi Street.

• Subramani Bharathi 2nd Cross Street: Rs 1,980 per sq.ft (2024)
• Subramani Bharathi 1st Cross 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be 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 and the sale price.

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

Which Sub Registrar Office covers Subramani Bharathi Street?

The Sub Registrar Office that covers Subramani Bharathi 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 plays a crucial role in property transactions in Anakaputhur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. The guideline value is set by the government and is regularly updated to reflect changes in the real estate market.

When selling a property, the guideline value ensures that the transaction is recorded accurately and fairly. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Subramani Bharathi Street?

The current guideline value of Subramani Bharathi 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 from Rs 216 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, representing a total increase of 817% over the years.

What are the registration fees for property in Subramani Bharathi Street?

For a property valued at Rs 19,80,000, the stamp duty is Rs 1,38,600 and the registration fee is Rs 39,600, totaling Rs 1,78,200.

Which office handles registrations for Subramani Bharathi Street?

The Pammal Sub Registrar Office handles registrations for Subramani Bharathi Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Subramani Bharathi Street?

Subramani Bharathi Street is classified as Residential Class I Type - I.