Guideline Value for Subash Nagar

Subash Nagar guideline value

The current guideline value of Subash Nagar, located in Puthagaram village under the Ambattur SRO, is Rs 2,200 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Subash Nagar has changed

Looking at the revisions, the guideline value for Subash Nagar was Rs 2,200 per sq.ft in both the 2023 and 2024 revisions. The 2017 revision recorded a guideline value of Rs 1,474 per sq.ft, which shows an increase of 49% when compared to the 2017 figure. In the 2012 revision, the guideline value was Rs 2,200 per sq.ft, indicating a decrease of 33% from the 2017 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained at Rs 2,200 per sq.ft, showing no change. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft as per the 2024 figures. The median guideline value in this area is Rs 1,900 per sq.ft, placing Subash Nagar's 2024 figure above that median.

• Subash Nagar Extension Survey No.67/11A1E,67/11B: Rs 3,000 per sq.ft (2024)
• Subash Nagar Extention: 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

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, totaling 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subash Nagar?

The Sub Registrar Office that covers Subash Nagar is 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 in property transactions in Puthagaram, as it determines the minimum value at which properties can be registered. This value is used to calculate stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the current guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that the sale price is above the guideline value to avoid any issues during registration.

Frequently asked questions

What is the current guideline value of Subash Nagar?

The current guideline value of Subash Nagar is Rs 2,200 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the 2017 revision at Rs 1,474 per sq.ft, increasing to Rs 2,200 per sq.ft in both the 2023 and 2024 revisions. There were no figures available for the years 2002, 2003, and 2007.

What is the land classification for Subash Nagar?

The land classification for Subash Nagar is Residential Special Type - III, which indicates the type of development permitted in the area.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Subash Nagar?

The Sub Registrar Office for Subash Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. This office handles all registration processes for the area.