Guideline Value for Subham Avenue II

Subham Avenue II guideline value

The current guideline value of Subham Avenue II in Perinjampakkam village is Rs 150 per sq.ft, effective from 1 July 2024. This property falls under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Subham Avenue II has changed

The guideline value for Subham Avenue II has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 30 per sq.ft. This increased significantly to Rs 150 per sq.ft in 2012, marking a 400% increase. However, from 2012 to 2017, the value decreased by 33% to Rs 100 per sq.ft. The value then rose by 50% to Rs 150 per sq.ft in 2023, and remained unchanged in the 2024 revision.

There are no figures available for the revisions in 2002 and 2003 for this street. The overall change from 2007 to 2024 is a substantial 400%, reflecting the fluctuations in the guideline value over the years.

Guideline values in Perinjampakkam

In Perinjampakkam, there are 18 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft, with the median value being Rs 150 per sq.ft. The guideline value of Subham Avenue II aligns with this median.

• Subam Avenue I: Rs 150 per sq.ft (2024)
• Sumangali Nagar: Rs 350 per sq.ft (2024)
• Rajiv Nagar: Rs 150 per sq.ft (2024)
• M.G.R.Nagar: Rs 100 per sq.ft (2024)
• M.G.R.Cross Street: Rs 100 per sq.ft (2024)
• Krishna Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Subham Avenue II

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total charges Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subham Avenue II?

The Sub Registrar Office that covers Subham Avenue II is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Perinjampakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, buyers and sellers must refer to the current guideline value to ensure compliance with legal requirements. This value helps in calculating the applicable fees, ensuring that the transaction is processed smoothly at the Sriperumpudur SRO.

Frequently asked questions

What is the current guideline value of Subham Avenue II?

The current guideline value of Subham Avenue II is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 30 per sq.ft in 2007 to Rs 150 per sq.ft in 2024, reflecting a 400% increase overall. It has seen fluctuations, including a decrease to Rs 100 per sq.ft in 2017.

What are the stamp duty and registration fees for properties in Subham Avenue II?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,50,000. The stamp duty at 7% is Rs 10,500, and the registration fee at 2% is Rs 3,000, totaling Rs 13,500.

Which office handles property registrations in Subham Avenue II?

The Sriperumpudur Sub Registrar Office handles property registrations for Subham Avenue II, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that buyers and sellers comply with legal requirements when registering a property.