Guideline Value for Subamangala Nagar Ext

Subamangala Nagar Ext guideline value

The current guideline value of Subamangala Nagar Ext is Rs 1,000 per sq.ft, as per the 2023 revision. This area is located in Ponmar village under the Gooduvancheri SRO and is classified as Residential Special Type - II.

How the guideline value of Subamangala Nagar Ext has changed

The guideline value for Subamangala Nagar Ext has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged in the 2023 revision. However, between the 2012 and 2017 revisions, the value decreased to Rs 670 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw an increase of 49% from the 2017 figure, bringing it back to Rs 1,000 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street. Overall, from 2012 to 2023, the guideline value has remained the same, with no net change.

Guideline values in Ponmar

Currently, there are no specific village figures available for Ponmar. Subamangala Nagar Ext is part of the Gooduvancheri SRO, and there are no other streets in Ponmar listed with guideline values.

Stamp duty and registration fee for property in Subamangala Nagar Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000. Together, the total cost for stamp duty and registration would be Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Subamangala Nagar Ext?

The Subamangala Nagar Ext area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Ponmar. 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 assessed to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Subamangala Nagar Ext?

The current guideline value of Subamangala Nagar Ext is Rs 1,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has fluctuated over the years, with a decrease from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, followed by an increase back to Rs 1,000 per sq.ft in 2023.

What is the stamp duty rate in Subamangala Nagar Ext?

The stamp duty rate for property transactions in Subamangala Nagar Ext is 7% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri SRO located?

The Gooduvancheri SRO is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Can I find other streets in Ponmar with guideline values?

Currently, there are no other streets in Ponmar listed with guideline values. Subamangala Nagar Ext is the only street mentioned under the Gooduvancheri SRO.