Guideline Value for Subamangala Nagar

Subamangala Nagar guideline value

The current guideline value of Subamangala Nagar is Rs 1,000 per sq.ft, as per the 2023 revision. This area falls under Ponmar village and is governed by the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Subamangala Nagar has changed

Since the 2012 revision, the guideline value for Subamangala Nagar has remained unchanged at Rs 1,000 per sq.ft. In the 2017 revision, the value was Rs 670 per sq.ft, marking a decrease of 33% from the 2012 figure. The most recent revision in 2023 saw an increase of 49% from the 2017 value, bringing it back to Rs 1,000 per sq.ft.

There are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street. Overall, comparing the 2012 and 2023 revisions, the guideline value has not changed, remaining at Rs 1,000 per sq.ft.

Guideline values in Ponmar

Subamangala Nagar is part of Ponmar, which is under the jurisdiction of the Gooduvancheri SRO. Currently, there are no other streets listed in Ponmar with guideline values provided.

Stamp duty and registration fee for property in Subamangala Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to 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, making the total cost for these fees 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 on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subamangala Nagar?

The Subamangala Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Ponmar, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring transparency in the transaction process.

During the registration process, the buyer must pay the stamp duty based on the higher amount between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Subamangala Nagar?

The current guideline value of Subamangala Nagar 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 changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, and then back to Rs 1,000 per sq.ft in 2023. This represents a 49% increase from the 2017 revision.

What is the registration office for Subamangala Nagar?

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

What are the stamp duty and registration fees for a property in Subamangala Nagar?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Are there any other streets in Ponmar with guideline values?

Currently, there are no other streets in Ponmar listed with guideline values in the available data.