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Guideline Value

Corporate

Guideline Value for Subramaniya Samy Nagar 6th Street

₹3850/sq.ft.

The guideline value for Subramaniya Samy Nagar 6th 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 6th Street

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Subramaniya Samy Nagar 6th Street guideline value

The current guideline value of Subramaniya Samy Nagar 6th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Subramaniya Samy Nagar 6th Street has changed

In the 2012 revision, the guideline value was set at Rs 3,500 per sq.ft. This was an increase of 10% from the previous figure, bringing the value to Rs 3,850 per sq.ft in the 2024 revision. There are no figures available for the revisions in 2023, 2017, 2007, 2003, or 2002 for this street.

Therefore, the only revisions that show a figure are from 2012 to 2024, where the value increased from Rs 3,500 to Rs 3,850 per sq.ft. This indicates a notable change in the guideline value 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 is Rs 3,850 per sq.ft, which matches the current value of Subramaniya Samy Nagar 6th Street.

Stamp duty and registration fee for property in Subramaniya Samy Nagar 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total cost for these fees Rs 3,46,500. Duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subramaniya Samy Nagar 6th Street?

The Sub Registrar Office that covers Subramaniya Samy Nagar 6th 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 details.

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

The guideline value is an important reference for property transactions in Valasaravakkam. When buying or selling property, the guideline value helps determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential to note that the stamp duty is charged based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Subramaniya Samy Nagar 6th Street?

The current guideline value of Subramaniya Samy Nagar 6th 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 increased from Rs 3,500 per sq.ft in 2012 to Rs 3,850 per sq.ft in 2024. There are no figures available for the revisions in 2023, 2017, 2007, 2003, or 2002 for this street.

What is the land classification for Subramaniya Samy Nagar 6th Street?

The land classification for Subramaniya Samy Nagar 6th Street is Residential Class II Type - I. This classification indicates the type of development allowed in the area.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.

Which office handles registrations for Subramaniya Samy Nagar 6th Street?

The Virugambakkam Sub Registrar Office handles registrations for Subramaniya Samy Nagar 6th Street. The office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.