Guideline Value for Subramaniyam (Street) Block 82, 93

Subramaniyam (Street) Block 82, 93 guideline value

The current guideline value of Subramaniyam (Street) Block 82, 93 is Rs 4,100 per sq.ft. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Subramaniyam (Street) Block 82, 93 has changed

The guideline value for Subramaniyam (Street) Block 82, 93 has undergone several revisions over the years. The earliest recorded figure is from 2007, when the value was Rs 1,210 per sq.ft. This increased significantly to Rs 3,750 per sq.ft in 2012, marking a rise of 210%. However, the value dropped to Rs 2,512 per sq.ft in 2017, which is a decrease of 33%. From 2017 to 2023, the guideline value saw a substantial increase of 49%, reaching Rs 3,750 per sq.ft, and the latest revision in 2024 set it at Rs 4,100 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 239%.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which means that the guideline value of Subramaniyam (Street) Block 82, 93 is below this median.

• Subramaniya Mudali Street (Muthurangam Block): Rs 4,100 per sq.ft (2024)
• Subramaniyan 8th Street Block 17: Rs 4,100 per sq.ft (2024)
• Subramaniya Iyyer Street (Vivekanandapuran 2nd, 3rd Street): Rs 6,600 per sq.ft (2024)
• Subramaniyan Street (Salai): Rs 4,100 per sq.ft (2024)
• Subramaniya Siva Street (3rd Street): Rs 3,300 per sq.ft (2024)
• Subramania Samy Koil Street (Othavadai Street): Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Subramaniyam (Street) Block 82, 93

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value would be Rs 41,00,000. The stamp duty at 7% would amount to Rs 2,87,000, and the registration fee at 2% would be Rs 82,000, bringing the total to Rs 3,69,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Subramaniyam (Street) Block 82, 93?

The Sub Registrar Office that covers Subramaniyam (Street) Block 82, 93 is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO online for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Kodambakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the property transaction. Buyers and sellers must be aware of the guideline value to ensure that they comply with the legal requirements set by the registration authorities.

When a property is sold, the guideline value helps in calculating the appropriate taxes and fees, ensuring that both parties are aware of the financial obligations involved in the transaction. This value is essential for maintaining transparency and fairness in real estate dealings.

Frequently asked questions

What is the current guideline value of Subramaniyam (Street) Block 82, 93?

The current guideline value of Subramaniyam (Street) Block 82, 93 is Rs 4,100 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,210 per sq.ft in 2007 to Rs 4,100 per sq.ft in 2024, reflecting an overall increase of 239% over the years.

What is the land classification for this street?

The land classification for Subramaniyam (Street) Block 82, 93 is Residential Class IV Type - I.

Which Sub Registrar Office covers this area?

The Ashok Nagar Sub Registrar Office covers Subramaniyam (Street) Block 82, 93, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for this property?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 2,87,000 at 7%.