Guideline Value for Subramaniya Samy Nagar 9th Street

Subramaniya Samy Nagar 9th Street guideline value

The current guideline value of Subramaniya Samy Nagar 9th 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 it falls under the Residential Class II Type - I land classification.

How the guideline value of Subramaniya Samy Nagar 9th Street has changed

The guideline value for Subramaniya Samy Nagar 9th Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was set at Rs 3,500 per sq.ft. The most recent revision in 2024 increased this value to Rs 3,850 per sq.ft, reflecting a change of 10% from the 2012 figure.

There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street. Therefore, the only available figures are from the 2012 and 2024 revisions, marking the significant increase in the guideline value over this period.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, which matches the guideline value of Subramaniya Samy Nagar 9th Street.

• Subramaniya Samy Nagar 8th Street: Rs 3,850 per sq.ft (2024)
• Subramaniya Samy Nagar 7th Street: Rs 3,850 per sq.ft (2024)
• Subramaniya Samy Nagar 6th Street: Rs 3,850 per sq.ft (2024)
• Subramaniya Samy Nagar 5th Street & Cross Street: Rs 3,850 per sq.ft (2024)
• Subramaniya Samy Nagar 4th Street & Cross 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 9th 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. 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 9th Street?

The Sub Registrar Office that covers Subramaniya Samy Nagar 9th 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 a crucial factor when buying or selling property in Valasaravakkam, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the property's worth according to government standards. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Subramaniya Samy Nagar 9th Street?

The current guideline value of Subramaniya Samy Nagar 9th 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, marking a change of 10%. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Subramaniya Samy Nagar 9th Street?

Subramaniya Samy Nagar 9th Street falls under the Residential Class II Type - I land classification, which is relevant for property transactions and regulations.

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

For a property valued at 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. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for this area located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. This office handles the registration of properties in Subramaniya Samy Nagar 9th Street.