Guideline Value for Subramanianswami Kovil Street

Subramanianswami Kovil Street guideline value

The current guideline value of Subramanianswami Kovil Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Molachoor village, under the Sunguvarchattram SRO, with a land classification of Residential Special Type - III.

How the guideline value of Subramanianswami Kovil Street has changed

The guideline value for Subramanianswami Kovil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49%, bringing it to Rs 600 per sq.ft again in the 2023 revision. The most recent 2024 revision has maintained this value, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The overall change from the 2012 revision to the 2024 revision is 0%, indicating stability in the guideline value during this period.

Guideline values in Molachoor

In Molachoor village, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which is equal to the guideline value of Subramanianswami Kovil Street.

• St.Joseph Nagar: Rs 605 per sq.ft (2024)
• Sri Varasithi Vinayagar Nagar: Rs 1,269 per sq.ft (2024)
• Tank Street: Rs 300 per sq.ft (2024)
• Teachers Avenue: Rs 600 per sq.ft (2024)
• Thamarai Nagar: Rs 800 per sq.ft (2024)
• Thiruvallur Road (Palkara Street To Arinjar Anna Street): Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Subramanianswami Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subramanianswami Kovil Street?

The Sub Registrar Office that covers Subramanianswami Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Molachoor. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is assessed to ensure that the transaction is recorded accurately. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Subramanianswami Kovil Street?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a significant increase of 49% from 2017 to 2023. The value has not changed from 2023 to 2024.

What is the land classification for Subramanianswami Kovil Street?

The land classification for Subramanianswami Kovil Street is Residential Special Type - III.

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

The Sub Registrar Office for Subramanianswami Kovil Street is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Molachoor?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 6,00,000 would incur a stamp duty of Rs 42,000 at 7%.