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Guideline Value

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Guideline Value for Subramaniya Samy Nagar 11th Street

₹3850/sq.ft.

The guideline value for Subramaniya Samy Nagar 11th Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

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 Samy Nagar 11th Street

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Subramaniya Samy Nagar 11th Street guideline value

The current guideline value of Subramaniya Samy Nagar 11th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Subramaniya Samy Nagar 11th Street has changed

The guideline value for Subramaniya Samy Nagar 11th Street has undergone several revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 3,500 per sq.ft. This was followed by a decrease to Rs 2,345 per sq.ft in 2017. The most recent revision in 2024 has increased the guideline value to Rs 3,850 per sq.ft, marking a significant increase of 64% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

There are no recorded figures for the years 2002, 2003, 2007, and 2023 for this street. The revision from 2012 to 2017 saw a decrease of 33%, indicating a fluctuation in the guideline values over the years.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, which is equal to the current guideline value of Subramaniya Samy Nagar 11th Street.

Stamp duty and registration fee for property in Subramaniya Samy Nagar 11th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees to Rs 3,46,500. 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 on fees applicable to your property transaction.

Which Sub Registrar Office covers Subramaniya Samy Nagar 11th Street?

The Sub Registrar Office that covers Subramaniya Samy Nagar 11th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Valasaravakkam, as it determines the minimum value at which properties can be registered. Buyers and sellers must be aware that the guideline value is used to calculate the stamp duty and registration fees payable during the transaction.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It is advisable for buyers and sellers to familiarize themselves with the current guideline values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Subramaniya Samy Nagar 11th Street?

The current guideline value of Subramaniya Samy Nagar 11th Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revision in 2024 increasing it to Rs 3,850 per sq.ft from Rs 2,345 per sq.ft in 2017, marking a 64% increase. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

What is the land classification of Subramaniya Samy Nagar 11th Street?

Subramaniya Samy Nagar 11th Street falls under the Residential Class II Type - I land classification, which indicates its designated use for residential purposes.

Where is the Sub Registrar Office for this street located?

The Virugambakkam Sub Registrar Office, which covers Subramaniya Samy Nagar 11th Street, is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Valasaravakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 38,50,000 would incur a stamp duty of Rs 2,69,500 at a rate of 7%.