Guideline Value for Subramaniyapuram

Subramaniyapuram guideline value

The current guideline value of Subramaniyapuram, located in Thiruverkadu village under the Kunrathur SRO, is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Subramaniyapuram has changed

Over the years, the guideline value of Subramaniyapuram has seen significant changes. The 2007 revision recorded a value of Rs 245 per sq.ft, which increased dramatically to Rs 1,400 per sq.ft in 2012, marking a rise of 471%. However, from 2012 to 2017, the value decreased to Rs 938 per sq.ft, a decline of 33%. The value then rose to Rs 1,400 per sq.ft in 2023, followed by a further increase to Rs 1,540 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 529%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value is Rs 1,540 per sq.ft, which matches the current guideline value for Subramaniyapuram.

• Surya Narayana Nagar: Rs 1,540 per sq.ft (2024)
• Swamy Ramadhas Nagar: Rs 1,540 per sq.ft (2024)
• Thambusami Nagar II nd Street: Rs 1,540 per sq.ft (2024)
• Thambusami Nagar I st Street: Rs 1,540 per sq.ft (2024)
• Thambusamy Nagar 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• Thambusamy Nagar 3rd Cross Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Subramaniyapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. 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 information.

Which Sub Registrar Office covers Subramaniyapuram?

The Sub Registrar Office that covers Subramaniyapuram is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property registration in Thiruverkadu. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When you register a property, the guideline value is used to calculate the stamp duty, which is charged at a percentage of either the guideline value or the sale price, whichever is higher. This ensures that the transaction is fairly assessed for taxation purposes.

Frequently asked questions

What is the current guideline value of Subramaniyapuram?

The current guideline value of Subramaniyapuram is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 245 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, reflecting an overall increase of 529% over the years.

What is the land classification for Subramaniyapuram?

Subramaniyapuram is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Subramaniyapuram?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, which covers Subramaniyapuram.

How is the stamp duty calculated for property in Subramaniyapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,38,600.