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Guideline Value

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Guideline Value for Subramaniya Samy Nagar 12th Street

₹3850/sq.ft.

The guideline value for Subramaniya Samy Nagar 12th 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 12th Street

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Subramaniya Samy Nagar 12th Street guideline value

The current guideline value of Subramaniya Samy Nagar 12th 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 is classified as Residential Class II Type - I.

How the guideline value of Subramaniya Samy Nagar 12th Street has changed

In the 2012 revision, the guideline value was Rs 3,500 per sq.ft. This decreased to Rs 2,345 per sq.ft in the 2017 revision, reflecting a change of -33%. However, from 2017 to the 2024 revision, the guideline value increased significantly to Rs 3,850 per sq.ft, marking a rise of 64%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register has no figures for the years 2002, 2003, 2007, and 2023 for this street. The revisions show a clear fluctuation in values, with the current rate aligning with the median of Rs 3,850 per sq.ft for other streets in the area.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value is Rs 3,850 per sq.ft, which matches the current value for Subramaniya Samy Nagar 12th Street.

Stamp duty and registration fee for property in Subramaniya Samy Nagar 12th 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 charges 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.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subramaniya Samy Nagar 12th Street?

The Sub Registrar Office that covers Subramaniya Samy Nagar 12th Street 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 Valasaravakkam

The guideline value plays a crucial role in property transactions in Valasaravakkam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with legal requirements. This value is periodically revised, and staying informed can help in understanding the financial implications of property transactions.

Frequently asked questions

What is the current guideline value of Subramaniya Samy Nagar 12th Street?

The current guideline value of Subramaniya Samy Nagar 12th 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 changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, and then increased to Rs 3,850 per sq.ft in 2024. This represents a -33% change from 2012 to 2017, followed by a 64% increase from 2017 to 2024.

What is the land classification for Subramaniya Samy Nagar 12th Street?

Subramaniya Samy Nagar 12th Street is classified as Residential Class II Type - I, indicating its designation for residential use.

Which Sub Registrar Office should I visit for transactions in Subramaniya Samy Nagar 12th Street?

The Virugambakkam Sub Registrar Office covers transactions for Subramaniya Samy Nagar 12th Street. The office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Subramaniya Samy Nagar 12th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, if the guideline value is Rs 38,50,000, the stamp duty at 7% would be Rs 2,69,500.