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Guideline Value

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Guideline Value for Subramaniya Samy Nagar 5th Street & Cross Street

₹3850/sq.ft.

The guideline value for Subramaniya Samy Nagar 5th Street & Cross 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 N/A
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 5th Street & Cross Street

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Subramaniya Samy Nagar 5th Street & Cross Street guideline value

The current guideline value of Subramaniya Samy Nagar 5th Street & Cross 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 5th Street & Cross Street has changed

The guideline value for Subramaniya Samy Nagar 5th Street & Cross Street has undergone several revisions over the years. The earliest revision available is from 2012, where the guideline value was Rs 3,500 per sq.ft. The most recent revision in 2024 shows an increase to Rs 3,850 per sq.ft, marking a change of +10% from the 2012 figure.

There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 in the register for this street. Thus, the only revisions that reflect a guideline value are from 2012 and 2024.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that have a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft, with a median value of Rs 3,850 per sq.ft. The guideline value of Subramaniya Samy Nagar 5th Street & Cross Street aligns perfectly with this median.

Stamp duty and registration fee for property in Subramaniya Samy Nagar 5th Street & Cross 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 to Rs 3,46,500. Please 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 detailed calculations.

Which Sub Registrar Office covers Subramaniya Samy Nagar 5th Street & Cross Street?

The Sub Registrar Office that covers Subramaniya Samy Nagar 5th Street & Cross 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 an essential factor in property transactions in Valasaravakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value during negotiations to ensure compliance with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Subramaniya Samy Nagar 5th Street & Cross Street?

The current guideline value of Subramaniya Samy Nagar 5th Street & Cross 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 for this street was Rs 3,500 per sq.ft in 2012 and has increased to Rs 3,850 per sq.ft in 2024, reflecting a change of +10%.

Are there any years without a guideline value for this street?

Yes, the register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for Subramaniya Samy Nagar 5th Street & Cross Street.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 38,50,000. The stamp duty would be Rs 2,69,500, and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which office handles registrations for this area?

The Virugambakkam Sub Registrar Office handles registrations for Subramaniya Samy Nagar 5th Street & Cross Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.