Guideline Value for Subramaniapuram

Subramaniapuram guideline value

The current guideline value of Subramaniapuram in Kayirambedu village is Rs 1,001 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Subramaniapuram has changed

The guideline value for Subramaniapuram has seen several revisions over the years. The 2007 revision recorded a value of Rs 210 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 376% rise. However, the value dropped to Rs 670 per sq.ft in 2017, a decrease of 33%. The value then increased to Rs 1,000 per sq.ft in 2023, and remained stable at Rs 1,001 per sq.ft in the 2024 revision, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 377%.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Subramaniapuram's 2024 figure above this median.

• Supreem City: Rs 1,500 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 700 per sq.ft (2024)
• Suseela Nagar: Rs 700 per sq.ft (2024)
• Sri Velan Nagar: Rs 2,389 per sq.ft (2024)
• Swarnamangala Nagar: Rs 700 per sq.ft (2024)
• Thamizh Selvi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Subramaniapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, making the total cost Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subramaniapuram?

The Chengleput Joint II Sub Registrar Office covers Subramaniapuram, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kayirambedu. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Subramaniapuram?

The current guideline value of Subramaniapuram is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 210 per sq.ft in 2007 to Rs 1,001 per sq.ft in 2024, reflecting an overall increase of 377% over this period.

What are the stamp duty rates for properties in Subramaniapuram?

The stamp duty for properties in Subramaniapuram is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Tamil Nadu.

What is the land classification for Subramaniapuram?

Subramaniapuram is classified as Residential Special Type - I, which influences its guideline value and usage in property transactions.