Guideline Value for SUBHIKSHAM

Subhiksham guideline value

The current guideline value of Subhiksham is Rs 1,810 per sq.ft, effective from 1 July 2024. This property is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Subhiksham has changed

Over the years, the guideline value for Subhiksham has seen significant changes. The 2017 revision set the value at Rs 1,100 per sq.ft. This increased to Rs 1,642 per sq.ft in 2023, marking a rise of 49%. The current revision in 2024 has further increased the value to Rs 1,810 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, placing Subhiksham's 2024 figure above this median.

• Subramania Swamy Nagar: Rs 1,430 per sq.ft (2024)
• Subbarayan Nagar: Rs 1,430 per sq.ft (2024)
• Subasree Nagar: Rs 1,430 per sq.ft (2024)
• Subam Avenue Phase-II: Rs 2,860 per sq.ft (2024)
• Subam Avenue Phase-I: Rs 2,860 per sq.ft (2024)
• Sun city: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Subhiksham

For a 1,000 sq.ft plot at the current guideline value of Rs 1,810 per sq.ft, the total guideline value would be Rs 18,10,000. The stamp duty, charged at 7%, would amount to Rs 1,26,700, while the registration fee at 2% would be Rs 36,200. Together, the total cost for stamp duty and registration would be Rs 1,62,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Subhiksham?

The Subhiksham area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a critical factor in property transactions within Kunrathour-B. When buying or selling property, the guideline value determines the minimum value on which stamp duty and registration fees are calculated. It is essential to be aware of these values to ensure compliance with local regulations.

During the registration process, the guideline value serves as a reference point for both buyers and sellers. It helps in establishing a fair value for the property and ensures that all transactions are recorded accurately in the official registry.

Frequently asked questions

What is the current guideline value of Subhiksham?

The current guideline value of Subhiksham is Rs 1,810 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,100 per sq.ft to Rs 1,810 per sq.ft, marking an overall increase of 65% by 2024.

What are the stamp duty and registration fees for property in Subhiksham?

For a property valued at Rs 18,10,000, the stamp duty would be Rs 1,26,700, and the registration fee would be Rs 36,200, totaling Rs 1,62,900.

Which office handles property registrations in Subhiksham?

The Kunrathur Sub Registrar Office handles property registrations in Subhiksham, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value for streets in Kunrathour-B?

The median guideline value for streets in Kunrathour-B is Rs 1,540 per sq.ft, with Subhiksham's current value above this median.