Guideline Value for SUBHAM NAGAR PART I 10 V

Subham Nagar Part I 10 V guideline value

The current guideline value of Subham Nagar Part I 10 V is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Mixed Type - I land.

How the guideline value of Subham Nagar Part I 10 V has changed

The guideline value for Subham Nagar Part I 10 V has undergone several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which then decreased to Rs 2,345 per sq.ft in the 2017 revision. This represents a decrease of 33%. However, from 2017 to the 2023 revision, the value increased significantly to Rs 3,750 per sq.ft, marking a rise of 60%. The latest revision in 2024 has further increased the value to Rs 3,850 per sq.ft, reflecting a 3% change from the previous year.

Overall, from the 2012 revision to the current 2024 value, there has been a net increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing the current value for Subham Nagar Part I 10 V above the median.

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

Stamp duty and registration fee for property in Subham Nagar Part I 10 V

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, while the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subham Nagar Part I 10 V?

The Sub Registrar Office that covers Subham Nagar Part I 10 V 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 information.

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

The guideline value plays a crucial role in property transactions in Zaminpallavaram. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is essential for ensuring transparency and compliance with local regulations during the registration process.

When selling property, the guideline value helps establish a baseline for pricing, ensuring that both buyers and sellers are aware of the official valuation set by the government. This can aid in negotiations and provide a reference point for the transaction.

Frequently asked questions

What is the current guideline value of Subham Nagar Part I 10 V?

The current guideline value of Subham Nagar Part I 10 V is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then increased to Rs 3,750 per sq.ft in 2023, and is now Rs 3,850 per sq.ft in 2024.

What is the land classification for Subham Nagar Part I 10 V?

Subham Nagar Part I 10 V is classified as Mixed Type - I land, according to the local regulations.

What are the other streets in Zaminpallavaram with similar guideline values?

Other streets in Zaminpallavaram with similar guideline values include Subhash Nagar and Subham Nagar, both at Rs 3,850 per sq.ft, along with Subramaniya Nagar at Rs 2,160 per sq.ft, and several others at Rs 3,300 per sq.ft.

Where is the Sub Registrar Office located for Subham Nagar Part I 10 V?

The Sub Registrar Office covering Subham Nagar Part I 10 V is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.