Guideline Value for SUBHLABH AVENUE

Subhlabh Avenue guideline value

The current guideline value of Subhlabh Avenue is Rs 450 per sq.ft, effective from 1 July 2024. This street is located in Villiyampakkam village under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Subhlabh Avenue has changed

The guideline value for Subhlabh Avenue has seen several revisions over the years. The earliest recorded revision in 2007 was Rs 255 per sq.ft. The value remained unchanged at Rs 450 per sq.ft in the 2023 revision and continues to hold the same figure in the 2024 revision, indicating no change between these two years. The register has no figures for the years 2012, 2017, 2003, and 2002.

From 2007 to 2023, the guideline value increased by 76%. Overall, from 2007 to 2024, there has been a consistent increase of 76% as well, reflecting the stability of the current guideline value since 2023.

Guideline values in Villiyampakkam

In Villiyampakkam, there are 17 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 401 to Rs 950 per sq.ft. The median guideline value in this village is Rs 500 per sq.ft, placing Subhlabh Avenue's 2024 figure below that median.

• Sukra Avenue: Rs 401 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 450 per sq.ft (2024)
• Sri Durga Nagar: Rs 401 per sq.ft (2024)
• Senthoore Avenue: Rs 500 per sq.ft (2024)
• Vignesh Nagar: Rs 401 per sq.ft (2024)
• Sakthi Veerammal Nagar: Rs 401 per sq.ft (2024)

Stamp duty and registration fee for property in Subhlabh Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value amounts to Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, totaling Rs 40,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subhlabh Avenue?

The Subhlabh Avenue is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Villiyampakkam. It is used as a benchmark for calculating stamp duty and registration fees when buying or selling property. Buyers must ensure that the sale price is at least equal to the guideline value to avoid discrepancies during registration.

When registering a property, the guideline value is checked against the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Subhlabh Avenue?

The current guideline value of Subhlabh Avenue is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 450 per sq.ft from the 2023 revision to the 2024 revision. However, from the 2007 revision of Rs 255 per sq.ft to the 2023 revision, there has been a 76% increase.

What is the land classification of Subhlabh Avenue?

Subhlabh Avenue is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Chengleput Joint II Sub Registrar Office?

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

How is stamp duty calculated for properties in Subhlabh Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 4,50,000 would incur a stamp duty of Rs 31,500 at 7%.