Guideline Value for Subramani Nagar Anex

Subramani Nagar Anex guideline value

The current guideline value of Subramani Nagar Anex is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is located in Puthagaram village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Subramani Nagar Anex has changed

In the 2012 revision, the guideline value was Rs 1,800 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,206 per sq.ft, marking a decline of 33%. The value then rose significantly to Rs 1,800 per sq.ft in the 2023 revision, and further increased to Rs 1,900 per sq.ft in the 2024 revision, reflecting a 6% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%. The 2017 revision had a notable increase of 49% when compared to the 2023 revision. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthagaram

Puthagaram village has 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median value is Rs 1,900 per sq.ft, which is equal to the current guideline value of Subramani Nagar Anex.

• Subramani Nagar Extn: Rs 1,900 per sq.ft (2024)
• Subramani Nagar: Rs 1,900 per sq.ft (2024)
• Subash Nagar Extention: Rs 2,200 per sq.ft (2024)
• Subash Nagar Extension Survey No.67/11A1E,67/11B: Rs 3,000 per sq.ft (2024)
• Subash Nagar: Rs 2,200 per sq.ft (2024)
• Sri Venkateswara Nagar Extn: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Subramani Nagar Anex

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. Duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on the fees applicable to your property transaction.

Which Sub Registrar Office covers Subramani Nagar Anex?

The Sub Registrar Office that covers Subramani Nagar Anex is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Puthagaram, 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 applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with registration requirements and to avoid any legal complications during the transaction process.

Frequently asked questions

What is the current guideline value of Subramani Nagar Anex?

The current guideline value of Subramani Nagar Anex is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Subramani Nagar Anex?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which office handles registrations for Subramani Nagar Anex?

The Ambattur Sub Registrar Office handles registrations for Subramani Nagar Anex, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Subramani Nagar Anex?

Subramani Nagar Anex is classified as Residential Class I Type - I, indicating its suitability for residential development.