Guideline Value for SUBHA MANGALA AVENUE PHASE -I

Subha Mangala Avenue Phase -I guideline value

The current guideline value of Subha Mangala Avenue Phase -I is Rs 250 per sq.ft. This property is located in Sasithrampakkam village, under the Chengleput Joint II SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Subha Mangala Avenue Phase -I has changed

The guideline value for Subha Mangala Avenue Phase -I has remained constant at Rs 250 per sq.ft from the 2023 revision to the 2024 revision, reflecting a change of +0%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In the 2024 revision, the guideline value is set at Rs 250 per sq.ft, the same as in the 2023 revision. This consistency indicates no fluctuation in the guideline value over these two years.

Guideline values in Sasithrampakkam

In Sasithrampakkam, there are 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,000 per sq.ft, with a median value of Rs 250 per sq.ft. Subha Mangala Avenue Phase -I's 2024 figure aligns with this median.

• Subha Mangala Avenue Phase -II: Rs 250 per sq.ft (2024)
• Subha Mangala Avenue Phase - III: Rs 250 per sq.ft (2024)
• Subamangalanagar: Rs 250 per sq.ft (2024)
• Sri Lakshmi Narashima Nagar: Rs 250 per sq.ft (2024)
• Sri Kamala Puram: Rs 250 per sq.ft (2024)
• Vgn Abhivrudhi: Rs 896 per sq.ft (2024)

Stamp duty and registration fee for property in Subha Mangala Avenue Phase -I

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty is calculated at 7%, which totals Rs 17,500, and the registration fee is 2%, amounting to Rs 5,000. Together, these fees total Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Subha Mangala Avenue Phase -I?

The Sub Registrar Office that covers Subha Mangala Avenue Phase -I is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial figure used during the registration of property transactions. It serves as a benchmark for calculating the stamp duty and registration fees that are payable when a property is bought or sold.

When registering a property, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions as determined by the Registration Department. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Subha Mangala Avenue Phase -I?

The current guideline value of Subha Mangala Avenue Phase -I is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from the 2023 revision to the 2024 revision, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the guideline value of Rs 250 per sq.ft, the total stamp duty is Rs 17,500 and the registration fee is Rs 5,000, totaling Rs 22,500.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the guideline value determined in Sasithrampakkam?

The guideline value in Sasithrampakkam is determined by the Registration Department and reflects the value of properties in the area, which is used for calculating stamp duty and registration fees during property transactions.