Guideline Value for Subramaniyar Koil 2nd Street

Subramaniyar Koil 2nd Street guideline value

The current guideline value of Subramaniyar Koil 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, classified as Residential Class I Type - II.

How the guideline value of Subramaniyar Koil 2nd Street has changed

Over the years, the guideline value of Subramaniyar Koil 2nd Street has seen significant changes. In the 2003 revision, the value was Rs 303 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a rise of 98%. The value then surged to Rs 3,000 per sq.ft in 2012, reflecting a substantial increase of 400%. The 2023 revision maintained the value at Rs 3,000 per sq.ft, but the latest 2024 revision has increased it to Rs 3,300 per sq.ft, a 10% rise.

The revisions for the years 2017 and 2002 do not have any figures available for this street. Overall, from 2003 to 2024, the guideline value has risen by 989%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, which matches the 2024 figure for Subramaniyar Koil 2nd Street.

• Subramaniyar Koil 1st Street: Rs 3,300 per sq.ft (2024)
• Subramaniyar Koil North Street: Rs 3,300 per sq.ft (2024)
• Subramaniya Nagar: Rs 2,160 per sq.ft (2024)
• Subhash Nagar: Rs 3,850 per sq.ft (2024)
• Subham Nagar Part I 10 V: Rs 3,850 per sq.ft (2024)
• Subham Nagar: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Subramaniyar Koil 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subramaniyar Koil 2nd Street?

The Sub Registrar Office that covers Subramaniyar Koil 2nd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the legal and financial aspects of the transaction. It is important for buyers and sellers to be aware of these values to avoid disputes during the registration process.

Frequently asked questions

What is the current guideline value of Subramaniyar Koil 2nd Street?

The current guideline value of Subramaniyar Koil 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 303 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 989% over the years.

What is the registration office for Subramaniyar Koil 2nd Street?

The registration office for Subramaniyar Koil 2nd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the stamp duty for properties in Subramaniyar Koil 2nd Street?

The stamp duty for properties in Subramaniyar Koil 2nd Street is 7% of the guideline value or the sale price, whichever is higher.

Are there any years without guideline values for this street?

Yes, the revisions for the years 2017 and 2002 do not have any figures available for Subramaniyar Koil 2nd Street.