Guideline Value for Subam Enclave

Subam Enclave guideline value

The current guideline value of Subam Enclave in Salamangalam village, under the Sriperumpudur SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Subam Enclave has changed

The guideline value for Subam Enclave has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it was reduced to Rs 268 per sq.ft. The 2023 revision again set the value at Rs 400 per sq.ft, and the latest 2024 revision continues this figure, reflecting a 0% change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 400 per sq.ft.

Guideline values in Salamangalam

In Salamangalam village, there are 59 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 200 to Rs 3,100 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Subam Enclave's 2024 guideline value below this median.

• Sri Venkateswara Nagar: Rs 550 per sq.ft (2024)
• Tambaram Kanchipuram Road: Rs 700 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 402 per sq.ft (2024)
• Sri Rama Anjineya Garden: Rs 600 per sq.ft (2024)
• Theradi street: Rs 400 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Subam Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subam Enclave?

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

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

The guideline value plays a crucial role in property transactions in Salamangalam. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction, as the fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Subam Enclave?

The current guideline value of Subam Enclave is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since 2012, with a decrease to Rs 268 per sq.ft in 2017, followed by a return to Rs 400 per sq.ft in 2023 and 2024.

What is the land classification of Subam Enclave?

Subam Enclave falls under the Residential Class I Type - I land classification.

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

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

How is stamp duty calculated for properties in Subam Enclave?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 at a rate of 7%.