Guideline Value for SUBHAM EXTENSION

Subham Extension guideline value

The current guideline value of Subham Extension in Valarpuram village, under the Sriperumpudur SRO, is Rs 700 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Commercial Special Type - I.

How the guideline value of Subham Extension has changed

The guideline value for Subham Extension has remained stable in recent years. The 2023 revision recorded a guideline value of Rs 700 per sq.ft, which is the same as the 2024 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

Thus, from the 2023 to the 2024 revision, there has been a change of +0%. The guideline value has not fluctuated, indicating a consistent valuation for this street over the two most recent revisions.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 2,025 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Subham Extension's 2024 figure above this median.

• Subham: Rs 700 per sq.ft (2024)
• SSV Nagar: Rs 300 per sq.ft (2024)
• S.S.A. Nagar: Rs 300 per sq.ft (2024)
• Sri Vigneswara Nagar: Rs 400 per sq.ft (2024)
• Sundaramoorthy Avenue: Rs 300 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Subham Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subham Extension?

The Sub Registrar Office that covers Subham Extension is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Valarpuram. It serves as a reference point for determining the stamp duty and registration fees applicable when buying or selling property in the area. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Subham Extension?

The current guideline value of Subham Extension is Rs 700 per sq.ft, effective from the 2024 revision starting 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Subham Extension has remained at Rs 700 per sq.ft since the 2023 revision, showing no change from 2023 to 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Subham Extension?

The land classification for Subham Extension is Commercial Special Type - I, indicating its designated use within the area.

How is stamp duty calculated for property in Subham Extension?

Stamp duty for property in Subham Extension is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 49,000.

Where can I find the Sub Registrar Office for Subham Extension?

The Sub Registrar Office for Subham Extension is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information by visiting the appropriate link.