Guideline Value for Subramaniyapuram 1st Street

Subramaniyapuram 1st Street guideline value

The current guideline value of Subramaniyapuram 1st Street is Rs 2,700 per sq.ft. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Subramaniyapuram 1st Street has changed

The guideline value for Subramaniyapuram 1st Street has undergone several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 257% rise. However, the value then decreased to Rs 1,675 per sq.ft in 2017, reflecting a decline of 33%.

From 2017 to the latest revision in 2024, the guideline value increased by 61% to reach Rs 2,700 per sq.ft. Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 286% in the guideline value for this street. The register has no figures for the years 2023, 2003, and 2002.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that have a 2024 guideline value, ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing Subramaniyapuram 1st Street's 2024 figure below that median.

• Subramaniyapuram 2nd Street: Rs 2,700 per sq.ft (2024)
• Subramaniyapuram 3rd Street: Rs 2,700 per sq.ft (2024)
• Subramaniyapuram Main Road: Rs 3,300 per sq.ft (2024)
• Subramaniyam Nagar: Rs 2,700 per sq.ft (2024)
• Subburaja Appartment: Rs 2,700 per sq.ft (2024)
• Sundaram Nagar 1st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Subramaniyapuram 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subramaniyapuram 1st Street?

The Sub Registrar Office that covers Subramaniyapuram 1st Street is the Sembiam Sub Registrar Office, 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 Kolathur

The guideline value plays a crucial role in the registration process when buying or selling property in Kolathur. It serves as a benchmark for calculating the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. This helps in maintaining transparency in property transactions and ensures that the appropriate fees are collected based on the established guideline values.

Frequently asked questions

What is the current guideline value of Subramaniyapuram 1st Street?

The current guideline value of Subramaniyapuram 1st Street 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 from Rs 700 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 286% over the years.

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

Other streets in Kolathur with a guideline value of Rs 2,700 per sq.ft include Subramaniyapuram 2nd Street, Subramaniyapuram 3rd Street, Subramaniyam Nagar, Subburaja Appartment, and Sundaram Nagar 1st Street.

Where is the Sub Registrar Office for Subramaniyapuram 1st Street located?

The Sub Registrar Office for Subramaniyapuram 1st Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Kolathur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000.