Guideline Value for Subanam Avenue

Subanam Avenue guideline value

The current guideline value of Subanam Avenue is Rs 1,195 per sq.ft. It is located in Ayyencheri village under the Gooduvancheri SRO, classified as Residential Class I Type - I.

How the guideline value of Subanam Avenue has changed

The guideline value for Subanam Avenue has undergone several revisions over the years. In 2007, the guideline value was set at Rs 325 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 208%. However, from 2012 to 2017, the value decreased to Rs 800 per sq.ft, reflecting a drop of 20%. The most recent revision in 2023 established the guideline value at Rs 1,195 per sq.ft, which is a substantial increase of 49% from the previous figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 268%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

Currently, there are no specific village figures provided for Ayyencheri. Subanam Avenue is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Subanam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,195 per sq.ft, the total guideline value would be Rs 11,95,000. The stamp duty, charged at 7%, would amount to Rs 83,650, while the registration fee at 2% would be Rs 23,900. Together, the total cost for stamp duty and registration would be Rs 1,07,550. It is important to note that 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 Subanam Avenue?

The Gooduvancheri Sub Registrar Office covers Subanam Avenue. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

You can find your SRO for more information.

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

When buying or selling property in Ayyencheri, the guideline value is a crucial factor during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both parties are aware of the costs involved in the transaction.

The guideline value is used to calculate the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the property's value as determined by the latest revisions.

Frequently asked questions

What is the current guideline value of Subanam Avenue?

The current guideline value of Subanam Avenue is Rs 1,195 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 325 per sq.ft to Rs 1,195 per sq.ft in 2023, marking an overall increase of 268%.

What was the guideline value in 2017?

The guideline value for Subanam Avenue in 2017 was Rs 800 per sq.ft. This represented a decrease from the Rs 1,000 per sq.ft value in 2012.

Is there a guideline value for 2024?

No, the register does not have a figure for the guideline value of Subanam Avenue for the year 2024.

Where is the Gooduvancheri Sub Registrar Office located?

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