Guideline Value for Subramani street(bhavani nagar)

Subramani street(bhavani nagar) guideline value

The current guideline value of Subramani street(bhavani nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village under the Ambattur SRO, classified as Residential Special Type - III.

How the guideline value of Subramani street(bhavani nagar) has changed

The guideline value for Subramani street(bhavani nagar) has seen several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it then decreased to Rs 1,005 per sq.ft in 2017. The value rose again to Rs 1,500 per sq.ft in 2023, and now stands at Rs 1,600 per sq.ft as per the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%. The 2023 to 2024 revision reflects a 7% increase. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO with guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median value is Rs 1,300 per sq.ft, placing Subramani street(bhavani nagar) above this median at Rs 1,600 per sq.ft.

• Subramaniar street(Iyappan nagar): Rs 1,700 per sq.ft (2024)
• Sudakar Street: Rs 1,100 per sq.ft (2024)
• Sundaram street: Rs 1,700 per sq.ft (2024)
• Sundar Street(Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Sri. Seetha Pattabi Nagar Annex: Rs 1,700 per sq.ft (2024)
• Sri. Seetha Pattabi Nagar: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Subramani street(bhavani nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, while the registration fee at 2% would be Rs 32,000. Together, the total cost for these fees would be Rs 1,44,000. Duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subramani street(bhavani nagar)?

The Sub Registrar Office covering Subramani street(bhavani nagar) 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 Ayappakkam

The guideline value plays a crucial role during property transactions in Ayappakkam. It is used to determine the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Subramani street(bhavani nagar)?

The current guideline value of Subramani street(bhavani nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What is the land classification for Subramani street(bhavani nagar)?

Subramani street(bhavani nagar) is classified as Residential Special Type - III.

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

The Sub Registrar Office for Subramani street(bhavani nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Ayappakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 16,00,000, the stamp duty at 7% would be Rs 1,12,000.