Guideline Value for Subramaniya Nagar
₹500/sq.ft.
The guideline value for Subramaniya Nagar in Korukanthangal village (Gooduvancheri SRO, Chengalpattu zone) is Rs 500 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Korukanthangal
Village
Gooduvancheri
SRO
Residential Special Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹500 /sq.ft. |
| From 1-4-2023 | ₹500 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹335 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹500 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹135 /sq.ft. |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[email protected], [email protected]
Records for a plot on Subramaniya Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Gooduvancheri sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Subramaniya Nagar guideline value
The current guideline value of Subramaniya Nagar, located in Korukanthangal village under the Gooduvancheri SRO, is Rs 500 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.
How the guideline value of Subramaniya Nagar has changed
Over the years, the guideline value for Subramaniya Nagar has seen several revisions. The 2007 revision set the value at Rs 135 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, there was a decrease to Rs 335 per sq.ft in 2017. The subsequent revisions in 2023 and 2024 maintained the guideline value at Rs 500 per sq.ft, showing no change from the previous year.
The overall change from the 2007 revision to the 2024 revision is an increase of 270%. The revisions for the years 2002 and 2003 do not have figures recorded for this street.
Guideline values in Korukanthangal
In Korukanthangal village, there are 25 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 500 per sq.ft, with a median also at Rs 500 per sq.ft. Subramaniya Nagar's 2024 figure aligns with this median.
- Sri Lakshmi Nagar: Rs 500 per sq.ft (2024)
- Sri Gayathri Dr.City Phase-II & V: Rs 500 per sq.ft (2024)
- Sri Gayathri Co-op Mega Nagar: Rs 500 per sq.ft (2024)
- Sri Balaji Nagar: Rs 500 per sq.ft (2024)
- Vatsala City: Rs 500 per sq.ft (2024)
- Vatsala City Extn: Rs 500 per sq.ft (2024)
Stamp duty and registration fee for property in Subramaniya Nagar
For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total charges to Rs 45,000. 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 Subramaniya Nagar?
The Sub Registrar Office that covers Subramaniya Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Korukanthangal
The guideline value is a crucial factor during the registration of property transactions in Korukanthangal. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these charges are aligned with the current market standards set by the government.
When buying or selling property, it is essential to be aware of the guideline value as it directly impacts the financial obligations during the registration process. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications.
Frequently asked questions
What is the current guideline value of Subramaniya Nagar?
The current guideline value of Subramaniya Nagar is Rs 500 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has seen various changes, with the most recent revisions in 2023 and 2024 maintaining the value at Rs 500 per sq.ft. The value was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012.
What are the stamp duty and registration fees for properties in Subramaniya Nagar?
For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000. These fees are based on the guideline value or the sale price, whichever is higher.
Which office handles property registrations for Subramaniya Nagar?
The Gooduvancheri Sub Registrar Office handles property registrations for Subramaniya Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.
What is the land classification for Subramaniya Nagar?
The land classification for Subramaniya Nagar is Residential Special Type - I, indicating its designation for residential use.
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