Guideline Value for SUBIKSHAM NAGAR

Subiksham Nagar guideline value

The current guideline value of Subiksham Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Thangi village, under the Walajabad Sub Registrar Office (SRO), and is classified as Residential Class I Type - I.

How the guideline value of Subiksham Nagar has changed

Over the years, the guideline value for Subiksham Nagar has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which increased to Rs 67 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 200 per sq.ft, reflecting a significant increase of 199%. The 2023 revision maintained the same value of Rs 200 per sq.ft, with no change noted into 2024.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 100%.

Guideline values in Thangi

In Thangi village, there are six streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 126 to Rs 300 per sq.ft. The median value for these streets is Rs 225 per sq.ft, placing Subiksham Nagar's 2024 figure below that median.

• Thirukumaran Avenue: Rs 126 per sq.ft (2024)
• Sri Kumaran Avenue: Rs 126 per sq.ft (2024)
• Aparna Avenue: Rs 300 per sq.ft (2024)
• Anugragham Nagar Ext: Rs 250 per sq.ft (2024)
• Vetri Nagar: Rs 250 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, 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 Thangi

The guideline value is a crucial factor when buying or selling property in Thangi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal and financial obligations during the registration process.

When a property is registered, the guideline value is considered to ascertain the applicable duties, which are calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Subiksham Nagar?

The current guideline value of Subiksham Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 200 per sq.ft in 2024, reflecting a 100% increase overall. There were no figures for the years 2002, 2003, and 2007.

What are the other streets in Thangi and their guideline values?

Other streets in Thangi include Thirukumaran Avenue and Sri Kumaran Avenue at Rs 126 per sq.ft, Aparna Avenue at Rs 300 per sq.ft, and Anugragham Nagar Ext and Vetri Nagar at Rs 250 per sq.ft.

How is stamp duty calculated in Subiksham Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 200 per sq.ft would incur a stamp duty of Rs 14,000.

Where can I find my Sub Registrar Office?

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