Guideline Value for Subramaniya Samy Nagar 14th Street

Subramaniya Samy Nagar 14th Street guideline value

The current guideline value of Subramaniya Samy Nagar 14th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Subramaniya Samy Nagar 14th Street has changed

The guideline value for Subramaniya Samy Nagar 14th Street has seen several revisions over the years. In 2012, the guideline value was Rs 3,500 per sq.ft, which decreased to Rs 2,345 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent revision in 2024 has increased the guideline value to Rs 3,850 per sq.ft, reflecting a significant rise of 64% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street.

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 is Rs 3,850 per sq.ft, which is the same as the current guideline value for Subramaniya Samy Nagar 14th Street.

• Subramaniya Samy Nagar 13th Street: Rs 3,850 per sq.ft (2024)
• Subramaniya Samy Nagar 1st Street & Cross Street: Rs 3,850 per sq.ft (2024)
• Subramaniya Samy Nagar 12th Street: Rs 3,850 per sq.ft (2024)
• Subramaniya Samy Nagar 2nd Street & Cross street: Rs 3,850 per sq.ft (2024)
• Subramaniya Samy Nagar 11th Street: Rs 3,850 per sq.ft (2024)
• Subramaniya Samy Nagar 3rd Street & Cross street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Subramaniya Samy Nagar 14th 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subramaniya Samy Nagar 14th Street?

The Sub Registrar Office that covers Subramaniya Samy Nagar 14th 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 is a crucial factor when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process. Buyers should be aware that the guideline value may influence the overall costs associated with property registration.

When a property is registered, the guideline value is assessed to ensure that the transaction is in line with the prevailing market conditions. This helps in maintaining transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Subramaniya Samy Nagar 14th Street?

The current guideline value of Subramaniya Samy Nagar 14th 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 reflects a 64% increase from 2017 to 2024 and a 10% increase overall from 2012 to 2024.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers Subramaniya Samy Nagar 14th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the stamp duty and registration fees for properties here?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 3,46,500.

Are there other streets with the same guideline value?

Yes, several other streets in Valasaravakkam have the same guideline value of Rs 3,850 per sq.ft in 2024, including Subramaniya Samy Nagar 13th Street, 1st Street & Cross Street, 12th Street, 2nd Street & Cross Street, and 11th Street.