Guideline Value for Subramaniya Thottam

Subramaniya Thottam guideline value

The current guideline value of Subramaniya Thottam is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Sembiam village, under the Sembiam Sub Registrar Office (SRO), and is classified as Residential Class I Type - I.

How the guideline value of Subramaniya Thottam has changed

The guideline value for Subramaniya Thottam has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 343 per sq.ft. This increased to Rs 372 per sq.ft in 2003, marking an 8% rise. The value then saw a significant increase to Rs 700 per sq.ft in 2007, reflecting an 88% change. By 2012, the guideline value was Rs 2,500 per sq.ft, which was a decrease of 257% from the previous revision. In 2017, it rose again to Rs 1,675 per sq.ft, showing a 49% increase. The most recent revisions show a guideline value of Rs 2,500 per sq.ft in 2023, which then increased to Rs 2,700 per sq.ft in 2024, an 8% rise.

There are no figures available for the revisions in the years not mentioned in this summary. The overall change from 2002 to 2024 reflects an increase of 687% in the guideline value.

Guideline values in Sembiam

In Sembiam village, there are 250 streets under the Sembiam SRO, with guideline values ranging from Rs 1,700 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the current value of Subramaniya Thottam.

• Sudukattu Street: Rs 2,700 per sq.ft (2024)
• St. Mary's Road: Rs 2,700 per sq.ft (2024)
• State Bank Colony: Rs 2,700 per sq.ft (2024)
• Telephone Colony: Rs 2,700 per sq.ft (2024)
• Thanigachalam Mudali Street: Rs 2,700 per sq.ft (2024)
• Srinivasa Raghavan Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Subramaniya Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Together, the total charges would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subramaniya Thottam?

The Sub Registrar Office that covers Subramaniya Thottam is located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sembiam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is considered to ensure that the transaction is accurately recorded and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Subramaniya Thottam?

The current guideline value of Subramaniya Thottam is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the most recent increase from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 687%.

What are the stamp duty and registration fees in Subramaniya Thottam?

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 charges would be Rs 2,43,000.

Which office handles property registrations in Subramaniya Thottam?

The Sembiam Sub Registrar Office handles property registrations in Subramaniya Thottam, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the significance of the guideline value?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the sale price is accurately recorded and that the appropriate taxes are collected by the government.