Guideline Value for SUBIKSHAM NAGAR

Subiksham Nagar guideline value

The current guideline value of Subiksham Nagar, located in Pazhayaseevaram - B village, under the Walajabad SRO, is Rs 500 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Subiksham Nagar has changed

The guideline value for Subiksham Nagar has undergone several revisions over the years. In the 2017 revision, the guideline value was set at Rs 335 per sq.ft. This value remained unchanged until the 2023 revision, where it was still Rs 500 per sq.ft. The 2024 revision has also maintained the guideline value at Rs 500 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pazhayaseevaram - B

In addition to Subiksham Nagar, there are other streets in Pazhayaseevaram - B under the Walajabad SRO. The guideline values for these streets are as follows:

• Metro City: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Subiksham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty, charged at 7%, would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subiksham Nagar?

The Sub Registrar Office that covers Subiksham Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Pazhayaseevaram - B. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the applicable duties. This ensures that the registration process is transparent and that the fees are based on an established value rather than arbitrary figures.

Frequently asked questions

What is the current guideline value of Subiksham Nagar?

The current guideline value of Subiksham Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023.

What is the land classification of Subiksham Nagar?

Subiksham Nagar is classified as Residential Class I Type - I.

Where is the Walajabad SRO located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Subiksham Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 5,00,000 would incur a stamp duty of Rs 35,000 at 7% and a registration fee of Rs 10,000 at 2%.