Guideline Value for Subam Avenue

Subam Avenue guideline value

The current guideline value of Subam Avenue in Pozhichalur village is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Pammal SRO and is classified as Residential Class I Type - II.

How the guideline value of Subam Avenue has changed

The guideline value for Subam Avenue has undergone several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent 2024 revision has further increased the value to Rs 1,320 per sq.ft, marking a 10% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The significant changes between the revisions indicate a 49% increase from 2017 to 2023, reflecting the evolving real estate landscape in the area.

Guideline values in Pozhichalur

In Pozhichalur village, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value is Rs 1,320 per sq.ft, which is equal to the current guideline value of Subam Avenue.

• Stalin Street (12): Rs 1,100 per sq.ft (2024)
• Stalin Street (10): Rs 1,100 per sq.ft (2024)
• Subramani Street Divyadas Nagar: Rs 1,100 per sq.ft (2024)
• Sudharma: Rs 1,100 per sq.ft (2024)
• Thamarai Street: Rs 1,100 per sq.ft (2024)
• Thandumariyamman Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Subam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Subam Avenue?

The Sub Registrar Office that covers Subam Avenue is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pozhichalur

The guideline value plays a crucial role during the registration of property transactions in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Subam Avenue?

The current guideline value of Subam Avenue is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, and then to Rs 1,320 per sq.ft in 2024, marking a total increase of 64% from 2017 to 2024.

What is the land classification for Subam Avenue?

Subam Avenue is classified as Residential Class I Type - II, indicating its zoning for residential purposes.

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

The Sub Registrar Office for Subam Avenue is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Subam Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400 at 7% and a registration fee of Rs 26,400 at 2%.