Guideline Value for Subramaniam Nagar

Subramaniam Nagar guideline value

The current guideline value of Subramaniam Nagar is Rs 1,400 per sq.ft, effective from the 2024 revision. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class III Type - III.

How the guideline value of Subramaniam Nagar has changed

The guideline value for Subramaniam Nagar has seen several revisions over the years. In 2002, the guideline value was Rs 139 per sq.ft, which increased to Rs 160 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,300 per sq.ft in 2012, but then decreased to Rs 871 per sq.ft in 2017. The value then increased to Rs 1,300 per sq.ft in 2023, and finally reached Rs 1,400 per sq.ft in 2024, marking an 8% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 907%. It is important to note that the register has no figure for Subramaniam Nagar for the year 2007.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Subramaniam Nagar is below this median.

• Subburayan Nayagar Street: Rs 1,100 per sq.ft (2024)
• Subburayan Nagar (Appaswamy Nayagar Street): Rs 1,400 per sq.ft (2024)
• Subash Street (S.No.194): Rs 1,400 per sq.ft (2024)
• Subash Street (Devi Nagar): Rs 2,400 per sq.ft (2024)
• Sudarsanam Nagar Extn: Rs 1,100 per sq.ft (2024)
• Sudarshanam Nagar(s.No. 357,359): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Subramaniam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,400 per sq.ft, the guideline value would be Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, totaling Rs 1,26,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subramaniam Nagar?

The Sub Registrar Office that covers Subramaniam 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Subramaniam Nagar?

The current guideline value of Subramaniam Nagar is Rs 1,400 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 139 per sq.ft in 2002 to Rs 1,400 per sq.ft in 2024, marking an overall increase of 907% over the years.

What is the classification of land in Subramaniam Nagar?

Subramaniam Nagar is classified as Residential Class III Type - III, indicating its designation for residential use.

Where can I find the registration office for Subramaniam Nagar?

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

How is the stamp duty calculated for property transactions?

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 14,00,000, the stamp duty at 7% would be Rs 98,000.