Guideline Value for SUBIKSHAM AVENUE

Subiksham Avenue guideline value

The current guideline value of Subiksham Avenue is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Agaramthen village under the Tambaram Joint 1 SRO, and the land classification is Mixed Special Type - II.

How the guideline value of Subiksham Avenue has changed

The guideline value for Subiksham Avenue has seen several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 3,000 per sq.ft, which was then increased by 10% to Rs 3,300 per sq.ft in the 2024 revision.

This change reflects a notable increase from the previous year. The 2024 guideline value is now positioned above the median of Rs 830 per sq.ft for the 125 streets in Agaramthen under the Tambaram Joint 1 SRO.

Guideline values in Agaramthen

In Agaramthen, the guideline values range from Rs 440 to Rs 3,700 per sq.ft as per the 2024 revision. Subiksham Avenue's current guideline value of Rs 3,300 per sq.ft is above the median value of Rs 830 per sq.ft. Below are the guideline values for other streets in Agaramthen:

• Sri Venugopal Nagar: Rs 990 per sq.ft (2024)
• Thirumal Nagar: Rs 2,640 per sq.ft (2024)
• Thirumal Nagar-Egk Avenue: Rs 3,450 per sq.ft (2024)
• Sri Narasimma Nagar: Rs 3,300 per sq.ft (2024)
• Sri Kannan Avenue: Rs 1,320 per sq.ft (2024)
• Tiana Sky City: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Subiksham Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total fees Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subiksham Avenue?

The Sub Registrar Office that covers Subiksham Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Agaramthen. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately according to the prevailing regulations. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Subiksham Avenue?

The current guideline value of Subiksham Avenue is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase.

What is the land classification for Subiksham Avenue?

The land classification for Subiksham Avenue is Mixed Special Type - II.

Where can I find the Sub Registrar Office for Subiksham Avenue?

The Tambaram Joint 1 Sub Registrar Office covers Subiksham Avenue, located at No.26, mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Agaramthen?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.