Guideline Value for Subramaniam Street

Subramaniam Street guideline value

The current guideline value of Subramaniam Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Mixed Type - I.

How the guideline value of Subramaniam Street has changed

Over the years, the guideline value of Subramaniam Street has seen several revisions. The 2012 revision set the value at Rs 4,200 per sq.ft, which then decreased to Rs 2,814 per sq.ft in 2017. Following this, the value increased significantly to Rs 4,200 per sq.ft in 2023, and further rose to the current rate of Rs 4,600 per sq.ft in 2024, marking a 10% increase from the previous year.

From the 2017 revision to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that carry a guideline value for 2024, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value is Rs 3,600 per sq.ft, positioning Subramaniam Street's current guideline value above this median.

• Subban Street: Rs 4,000 per sq.ft (2024)
• Subbammal Street: Rs 4,600 per sq.ft (2024)
• Station Road: Rs 4,600 per sq.ft (2024)
• Sundharam Street: Rs 4,000 per sq.ft (2024)
• Suntharesa iyer Street: Rs 4,000 per sq.ft (2024)
• Sri Venkataramullu Naidu Street: Rs 4,000 per sq.ft (2024)

Stamp duty and registration fee for property in Subramaniam Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 46,00,000. The stamp duty, charged at 7%, would amount to Rs 3,22,000, while the registration fee at 2% would be Rs 92,000. Together, this results in a total of Rs 4,14,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Subramaniam Street?

The Sub Registrar Office that covers Subramaniam Street 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 Ambattur

When buying or selling property in Ambattur, the guideline value is a crucial factor during the registration process. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transactions.

Buyers and sellers should be aware that the guideline value serves as a benchmark for property pricing in the area. It is essential to refer to the latest guideline values to ensure compliance with registration requirements and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Subramaniam Street?

The current guideline value of Subramaniam Street is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,600 per sq.ft in 2024.

What is the land classification of Subramaniam Street?

Subramaniam Street is classified as Mixed Type - I, indicating a diverse use of land in the area.

Where can I find the Sub Registrar Office for Subramaniam Street?

The Sub Registrar Office for Subramaniam Street 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 Ambattur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 46,00,000 would incur a stamp duty of Rs 3,22,000 at a rate of 7%.