Guideline Value for Subramaniya Swamy Koil Street

Subramaniya Swamy Koil Street guideline value

The current guideline value of Subramaniya Swamy Koil Street is Rs 1,430 per sq.ft, effective from 1 July 2024. This street is located in Chennerkuppam village, under the Kunrathur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Subramaniya Swamy Koil Street has changed

The guideline value for Subramaniya Swamy Koil Street has seen several revisions over the years. The 2007 revision set the value at Rs 450 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012, marking a 189% rise. However, the value dropped to Rs 871 per sq.ft in the 2017 revision, reflecting a decrease of 33%. The value then rose again to Rs 1,300 per sq.ft in 2023, before reaching the current value of Rs 1,430 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 218%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, placing Subramaniya Swamy Koil Street's 2024 figure below that median.

• Suresh Avenue: Rs 2,249 per sq.ft (2024)
• S.V. Nagar: Rs 2,090 per sq.ft (2024)
• Teak Haven: Rs 4,105 per sq.ft (2024)
• Sri Sakunthalanagar: Rs 1,430 per sq.ft (2024)
• Thangavel Nagar: Rs 1,430 per sq.ft (2024)
• Srinivasa Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Subramaniya Swamy Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty, charged at 7%, would be Rs 1,00,100, while the registration fee at 2% would be Rs 28,600, bringing the total to Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Subramaniya Swamy Koil Street?

The Sub Registrar Office that covers Subramaniya Swamy Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is an important factor when registering property transactions in Chennerkuppam. It serves as a benchmark for determining the minimum value of a property, ensuring that the appropriate stamp duty and registration fees are collected based on this value.

When buying or selling property, both the buyer and seller must consider the guideline value to ensure compliance with local regulations. This value helps in maintaining transparency in property transactions and aids in the accurate assessment of fees.

Frequently asked questions

What is the current guideline value of Subramaniya Swamy Koil Street?

The current guideline value of Subramaniya Swamy Koil Street is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 450 per sq.ft in 2007 to Rs 1,430 per sq.ft in 2024, marking an overall increase of 218% over this period.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 14,30,000, the stamp duty would be Rs 1,00,100 and the registration fee would be Rs 28,600, totaling Rs 1,28,700.

Which office handles registrations for Subramaniya Swamy Koil Street?

The Kunrathur Sub Registrar Office handles registrations for Subramaniya Swamy Koil Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Subramaniya Swamy Koil Street?

Subramaniya Swamy Koil Street is classified as Residential Class I Type - III, indicating its designation for residential use within the area.