Guideline Value for Subramani Street Divyadas Nagar

Subramani Street Divyadas Nagar guideline value

The current guideline value of Subramani Street Divyadas Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Subramani Street Divyadas Nagar has changed

In the 2017 revision, the guideline value was set at Rs 670 per sq.ft. This figure increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 1,100 per sq.ft, reflecting a growth of 10% from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The current rate of Rs 1,100 per sq.ft is indicative of the changes over the years, showcasing the adjustments made in the guideline values.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, placing Subramani Street Divyadas Nagar below this median.

• Sudharma: Rs 1,100 per sq.ft (2024)
• Subam Avenue: Rs 1,320 per sq.ft (2024)
• Stalin Street (12): Rs 1,100 per sq.ft (2024)
• Stalin Street (10): Rs 1,100 per sq.ft (2024)
• Thamarai Street: Rs 1,100 per sq.ft (2024)
• Thandumariyamman Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Subramani Street Divyadas Nagar

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, resulting in a total cost of Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subramani Street Divyadas Nagar?

The Sub Registrar Office that covers Subramani Street Divyadas Nagar 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 Pozhichalur

The guideline value is a crucial factor when registering property transactions in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps both parties to understand the minimum value at which the property should be registered. This value is essential for compliance with legal requirements and for calculating the associated costs of the transaction.

Frequently asked questions

What is the current guideline value of Subramani Street Divyadas Nagar?

The current guideline value of Subramani Street Divyadas Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Subramani Street Divyadas Nagar?

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

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where can I find the Sub Registrar Office for this area?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, covers Subramani Street Divyadas Nagar. You can find more information by visiting the relevant link.