Guideline Value for SUBIKSHAM NAGAR

Subiksham Nagar guideline value

The current guideline value of Subiksham Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Pusivakkam village, under the Walajabad SRO, and is classified as Residential Special Type - II.

How the guideline value of Subiksham Nagar has changed

Over the years, the guideline value of Subiksham Nagar has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 250 per sq.ft. The next revision in 2024 also maintained the guideline value at Rs 250 per sq.ft, indicating no change from the previous year.

Looking further back, the 2017 revision recorded a guideline value of Rs 167 per sq.ft, which marked a significant increase of 50% when compared to the 2023 revision. The 2012 to 2017 period saw a decrease of 33% from Rs 250 per sq.ft to Rs 167 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 250 per sq.ft.

Guideline values in Pusivakkam

Pusivakkam village has 22 streets under the Walajabad SRO with a 2024 guideline value ranging from Rs 100 to Rs 598 per sq.ft, where the median value is Rs 150 per sq.ft. The guideline value of Subiksham Nagar is above this median.

• Subiksham Nagar Phase-II: Rs 126 per sq.ft (2024)
• Thamizh nagar: Rs 126 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 126 per sq.ft (2024)
• Sri kamatchi nagar: Rs 100 per sq.ft (2024)
• Sri Chellammal Nagar: Rs 150 per sq.ft (2024)
• Sai Thiya Nagar: Rs 126 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 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total charges Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, 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 information.

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

The guideline value is a crucial factor when registering property transactions in Pusivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers 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 Nagar?

The current guideline value of Subiksham Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a previous value of Rs 167 per sq.ft in 2017, which was a 50% increase compared to the 2023 revision.

What is the land classification for Subiksham Nagar?

Subiksham Nagar is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

Where is the Walajabad Sub Registrar Office located?

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

How is 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, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 17,500.