Guideline Value for Subramania koil Street (North)

Subramania koil Street (North) guideline value

The current guideline value of Subramania koil Street (North) is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Subramania koil Street (North) has changed

The guideline value for Subramania koil Street (North) has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 216 per sq.ft. It increased to Rs 500 per sq.ft in 2003, marking a significant rise of 131%. The value then rose to Rs 750 per sq.ft in 2007, reflecting a 50% increase. In 2012, the value changed to Rs 3,200 per sq.ft, which was a substantial increase of 327%. However, this was followed by a decrease to Rs 2,144 per sq.ft in 2017, representing a drop of 33%. The value then increased to Rs 3,200 per sq.ft in 2023, and most recently, it has risen to Rs 3,520 per sq.ft in 2024, showing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1,530%. There are no figures available for the revisions in years other than those mentioned.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO, with guideline values ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, which means that the 2024 figure for Subramania koil Street (North) is below the median.

• Subramania koil Street (South): Rs 3,520 per sq.ft (2024)
• Subasri Nagar IInd Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar IIIrd Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar Extn 3rd Main Road: Rs 3,960 per sq.ft (2024)
• Subasri Nagar Extn 2nd Main Road: Rs 3,960 per sq.ft (2024)
• Subasri Nagar Extn 1st Main Road: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Subramania koil Street (North)

For a 1,000 sq.ft plot at the current rate of Rs 3,520 per sq.ft, the guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. It is important to note that the 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 Subramania koil Street (North)?

The Sub Registrar Office that covers Subramania koil Street (North) is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to assess the applicable charges, ensuring that the transaction is recorded accurately. This helps maintain transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Subramania koil Street (North)?

The current guideline value of Subramania koil Street (North) is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 216 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 1,530% over the years.

What is the classification of land on Subramania koil Street (North)?

The land classification for Subramania koil Street (North) is Residential Special Type - II, indicating its designation for residential purposes.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Subramania koil Street (North)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 at a rate of 7%.