Guideline Value for Subramani Nagar Extn

Subramani Nagar Extn guideline value

The current guideline value for Subramani Nagar Extn is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is located in Puthagaram village under the Ambattur SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Subramani Nagar Extn has changed

The guideline value for Subramani Nagar Extn has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which decreased to Rs 1,206 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,800 per sq.ft in 2023 and then rose again to the current rate of Rs 1,900 per sq.ft in 2024. The revisions for the years 2002, 2003, and 2007 do not have any figures listed for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%, and from 2023 to 2024, there was a 6% increase. Overall, the guideline value from 2012 to 2024 has seen a slight increase of 6%.

Guideline values in Puthagaram

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

• Subramani Nagar Anex: 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 Extn

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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Subramani Nagar Extn?

The Sub Registrar Office that covers Subramani Nagar Extn 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 the registration process when buying or selling property in Puthagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When you register a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties in the transaction are aware of the official value assigned to the property by the registration department.

Frequently asked questions

What is the current guideline value of Subramani Nagar Extn?

The current guideline value of Subramani Nagar Extn 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 is the land classification for Subramani Nagar Extn?

Subramani Nagar Extn falls under the Residential Class I Type - I land classification.

What are the stamp duty and registration fees for a property in Subramani Nagar Extn?

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 the registration for Subramani Nagar Extn?

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