Guideline Value

Corporate

Guideline Value for Subramaniya Nagar

₹2750/sq.ft.

The guideline value for Subramaniya Nagar in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹95 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹86 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Subramaniya Nagar

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Subramaniya Nagar guideline value

The current guideline value of Subramaniya Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Maduravoyal village under the Virugambakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Subramaniya Nagar has changed

Since the 2002 revision, the guideline value for Subramaniya Nagar has seen significant changes. The value began at Rs 86 per sq.ft in 2002, which increased to Rs 95 per sq.ft in 2003. Following that, the value rose dramatically to Rs 300 per sq.ft in 2007, and then to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017 before increasing to Rs 2,500 per sq.ft in 2023. The latest revision in 2024 set the guideline value at Rs 2,750 per sq.ft.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. The increase from 2017 to 2023 was 49%, while there was a decrease of 33% from 2012 to 2017. The value saw a substantial increase of 733% from 2007 to 2012, and an increase of 216% from 2003 to 2007. Overall, from 2002 to 2024, the guideline value has increased by 3098%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft, with a median value of Rs 3,050 per sq.ft. The guideline value of Subramaniya Nagar is below this median.

Stamp duty and registration fee for property in Subramaniya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Subramaniya Nagar?

The Sub Registrar Office that covers Subramaniya Nagar is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Maduravoyal. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value is set by the government and is updated periodically to reflect changes in the market.

When you engage in a property transaction, the guideline value ensures that the transaction is recorded accurately and fairly. It helps in standardizing the rates at which properties are registered, making the buying and selling process more transparent.

Frequently asked questions

What is the current guideline value of Subramaniya Nagar?

The current guideline value of Subramaniya Nagar is Rs 2,750 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 86 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 3098% over this period.

What are the other streets in Maduravoyal with the same guideline value?

Other streets in Maduravoyal, such as Sundar Nagar 1st Street, Sundar Nagar 2nd Street, and others, also have a guideline value of Rs 2,750 per sq.ft for 2024.

What are the stamp duty and registration fees for property in Subramaniya Nagar?

The stamp duty for a property valued at Rs 27,50,000 is Rs 1,92,500, and the registration fee is Rs 55,000, making a total of Rs 2,47,500.

Which office handles property registrations for Subramaniya Nagar?

The Virugambakkam Sub Registrar Office handles property registrations for Subramaniya Nagar, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.