Guideline Value for SUBAM AVENUE

Subam Avenue guideline value

The current guideline value of Subam Avenue in Eagai village is Rs 350 per sq.ft, effective from 1 July 2024. This property falls under the Thirukazhukundram SRO and is classified as Residential Special Type - III.

How the guideline value of Subam Avenue has changed

The guideline value for Subam Avenue has been consistent in recent years. The 2023 revision set the value at Rs 350 per sq.ft, which remained unchanged in the 2024 revision, reflecting a 0% change between these two years. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has been stable at Rs 350 per sq.ft for both 2023 and 2024, with no recorded changes in previous revisions for Subam Avenue.

Guideline values in Eagai

In Eagai village, there are four streets under the Thirukazhukundram SRO that carry a 2024 guideline value. The values range from Rs 130 to Rs 350 per sq.ft, with a median value of Rs 250 per sq.ft. Subam Avenue's 2024 figure of Rs 350 per sq.ft is above this median.

• P R Nagar Extension I: Rs 130 per sq.ft (2024)
• Srm Ruksun: Rs 150 per sq.ft (2024)
• Vsr Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Subam Avenue

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, resulting in a total of Rs 31,500. 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 details.

Which Sub Registrar Office covers Subam Avenue?

The Sub Registrar Office that covers Subam Avenue is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Eagai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that all parties are aware of the minimum value assigned to the property.

When buying or selling property, the guideline value helps in determining the official value of the property for legal and taxation purposes. It is essential for buyers and sellers to understand this value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Subam Avenue?

The current guideline value of Subam Avenue is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Subam Avenue has remained at Rs 350 per sq.ft for both the 2023 and 2024 revisions, with no figures recorded in previous revisions for this street.

What are the other streets in Eagai with guideline values?

Other streets in Eagai with guideline values include P R Nagar Extension I at Rs 130 per sq.ft, Srm Ruksun at Rs 150 per sq.ft, and Vsr Nagar at Rs 350 per sq.ft for 2024.

How is stamp duty calculated for properties in Subam Avenue?

Stamp duty for properties in Subam Avenue is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 350 per sq.ft would incur a total stamp duty and registration fee of Rs 31,500.

Which office handles registrations for Subam Avenue?

The Thirukazhukundram Sub Registrar Office handles registrations for Subam Avenue, located at Thiruchengode - 637 211, Chengalpattu registration zone.