Guideline Value for Subash Nagar Extention

Subash Nagar Extention guideline value

The current guideline value of Subash Nagar Extention in Puthagaram village, under the Ambattur SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Subash Nagar Extention has changed

In the 2012 revision, the guideline value was set at Rs 2,200 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 1,474 per sq.ft, marking a decrease of 33%. The value increased significantly to Rs 2,200 per sq.ft in the 2023 revision, maintaining this figure into the 2024 revision, which saw no change from the previous year.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 2,200 per sq.ft. Overall, from 2012 to 2024, there has been no change in the guideline value, remaining at Rs 2,200 per sq.ft.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with 2024 guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median value for these streets is Rs 1,900 per sq.ft, and the guideline value for Subash Nagar Extention is above this median.

• Subash Nagar Extension Survey No.67/11A1E,67/11B: Rs 3,000 per sq.ft (2024)
• Subash Nagar: Rs 2,200 per sq.ft (2024)
• Subramani Nagar: Rs 1,900 per sq.ft (2024)
• Subramani Nagar Anex: Rs 1,900 per sq.ft (2024)
• Subramani Nagar Extn: Rs 1,900 per sq.ft (2024)
• Sri Venkateswara Nagar Extn: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Subash Nagar Extention

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Subash Nagar Extention?

The Subash Nagar Extention is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Puthagaram. It determines the minimum value at which properties can be registered, ensuring that transactions are recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value for Subash Nagar Extention?

The current guideline value for Subash Nagar Extention is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions showing Rs 2,200 per sq.ft in 2023 and 2024, a significant increase from Rs 1,474 per sq.ft in 2017.

What is the land classification for Subash Nagar Extention?

Subash Nagar Extention is classified as Residential Special Type - III, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 22,00,000, the total fees would be Rs 1,98,000.

Which office handles property registrations in Subash Nagar Extention?

The Ambattur Sub Registrar Office handles property registrations for Subash Nagar Extention, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.