Guideline Value for Subam Avenue I

Subam Avenue I guideline value

The current guideline value of Subam Avenue I in Perinjampakkam village is Rs 150 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Subam Avenue I has changed

The guideline value for Subam Avenue I has seen several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2023 revision. In 2017, the value was Rs 100 per sq.ft, reflecting a decrease of 33% from the previous revision. The current guideline value, effective from 1 July 2024, is Rs 150 per sq.ft, which is the same as the value in 2023, indicating no change between these two revisions. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Perinjampakkam

In Perinjampakkam, there are 18 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, which is equal to the current value of Subam Avenue I.

• Subham Avenue II: Rs 150 per sq.ft (2024)
• Sumangali Nagar: Rs 350 per sq.ft (2024)
• Rajiv Nagar: Rs 150 per sq.ft (2024)
• M.G.R.Nagar: Rs 100 per sq.ft (2024)
• M.G.R.Cross Street: Rs 100 per sq.ft (2024)
• Krishna Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Subam Avenue I

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, while the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. 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 Subam Avenue I?

The Sub Registrar Office that covers Subam Avenue I is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Perinjampakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the necessary fees. This ensures that all transactions are conducted transparently and in accordance with the established rates set by the Registration Department.

Frequently asked questions

What is the current guideline value of Subam Avenue I?

The current guideline value of Subam Avenue I is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft since 2012, with a decrease to Rs 100 per sq.ft in 2017, followed by an increase back to Rs 150 per sq.ft in 2023 and 2024.

What is the land classification for Subam Avenue I?

Subam Avenue I is classified as Residential Class II Type - I, which indicates its suitability for residential development.

Where is the Sub Registrar Office for Subam Avenue I located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Subam Avenue I?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,50,000 would incur a stamp duty of Rs 10,500 at 7%.