Guideline Value for Subramani Nagar

Subramani Nagar guideline value

The current guideline value of Subramani Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Arani village under the Arani_Tiruvallur SRO, classified as Residential Class IV Type - I.

How the guideline value of Subramani Nagar has changed

Over the years, the guideline value for Subramani Nagar has seen several revisions. The earliest recorded figure is from 2003, where the value was Rs 25 per sq.ft. This increased to Rs 100 per sq.ft in 2007, marking a significant rise of 300%. In 2012, the value adjusted to Rs 150 per sq.ft, reflecting a decrease of 33%. The next revision in 2017 brought it back up to Rs 100 per sq.ft, followed by a substantial increase to Rs 200 per sq.ft in 2023, which remained unchanged into 2024.

From 2017 to 2023, the guideline value increased by 100%. The current value of Rs 200 per sq.ft in 2024 represents a 700% increase from the 2003 figure. The register has no figure for this street in 2002.

Guideline values in Arani

In Arani, there are 51 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. Subramani Nagar's 2024 figure is below this median.

• Sri S.V. Nagar: Rs 200 per sq.ft (2024)
• Sri Sathya Saibaba Nagar Extension: Rs 300 per sq.ft (2024)
• Tamil Colony: Rs 300 per sq.ft (2024)
• Sri Sai Avenue: Rs 200 per sq.ft (2024)
• Sri Ragavendra Nagar: Rs 200 per sq.ft (2024)
• Thelungu Colony: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Subramani Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subramani Nagar?

The Sub Registrar Office for Subramani Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Arani, 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 applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

During the registration process, the guideline value serves as a benchmark for assessing the property's worth. This ensures transparency and fairness in the registration of property transactions, as it helps in avoiding undervaluation or overvaluation of properties.

Frequently asked questions

What is the current guideline value of Subramani Nagar?

The current guideline value of Subramani Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 25 per sq.ft in 2003 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 700% over this period.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles registrations for Subramani Nagar?

The Arani_Tiruvallur Sub Registrar Office handles registrations for Subramani Nagar, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.

How is the guideline value determined for properties in Arani?

The guideline value for properties in Arani is determined by the Registration Department's guideline value register, which is updated periodically to reflect changes in property values across different areas.