Guideline Value for Subramaniyan 8th Street Block 17

Subramaniyan 8th Street Block 17 guideline value

The current guideline value for Subramaniyan 8th Street Block 17 is Rs 4,100 per sq.ft. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. It is classified as Residential Class IV Type - I.

How the guideline value of Subramaniyan 8th Street Block 17 has changed

In the 2007 revision, the guideline value was Rs 1,210 per sq.ft. This increased significantly to Rs 3,750 per sq.ft in the 2012 revision, marking a rise of 210%. However, in the 2017 revision, the value decreased to Rs 2,512 per sq.ft, a drop of 33%. The value then rose to Rs 3,750 per sq.ft in the 2023 revision, followed by a further increase to Rs 4,100 per sq.ft in the 2024 revision, which is a rise of 9%.

Overall, from 2007 to 2024, the guideline value has increased by 239%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, making the 2024 figure for Subramaniyan 8th Street Block 17 below the median.

• Subramaniya Mudali Street (Muthurangam Block): Rs 4,100 per sq.ft (2024)
• Subramaniyam (Street) Block 82, 93: 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 Subramaniyan 8th Street Block 17

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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Subramaniyan 8th Street Block 17?

The Sub Registrar Office that covers Subramaniyan 8th Street Block 17 is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration of properties in Kodambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the sale price, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value for Subramaniyan 8th Street Block 17?

The current guideline value for Subramaniyan 8th Street Block 17 is Rs 4,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,210 per sq.ft to Rs 4,100 per sq.ft in 2024, marking an overall increase of 239%.

What are the other streets in Kodambakkam with similar guideline values?

Other streets in Kodambakkam with a guideline value of Rs 4,100 per sq.ft in 2024 include Subramaniya Mudali Street, Subramaniyam (Street) Block 82, 93, Subramaniyan Street (Salai), and Subramania Samy Koil Street.

What is the registration fee for properties in this area?

The registration fee is 2% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 41,00,000 would incur a registration fee of Rs 82,000.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the link provided to find your SRO, which will help you locate the appropriate office for your property transactions.