Guideline Value for Subham Avenue

Subham Avenue guideline value

The current guideline value of Subham Avenue in Thandalam village is Rs 1,210 per sq.ft, effective from 1 July 2024. This property falls under the Pammal SRO and is classified as Residential Class I Type - I.

How the guideline value of Subham Avenue has changed

The guideline value for Subham Avenue has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,210 per sq.ft, an increase from Rs 1,100 per sq.ft in 2023, which reflects a change of +10%. Prior to that, the 2017 revision recorded a value of Rs 737 per sq.ft, indicating a significant increase of +49% from 2017 to 2023.

Overall, from 2017 to 2024, the guideline value has increased by +64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thandalam

In Thandalam, there are 56 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value is Rs 1,210 per sq.ft, which is equal to the guideline value of Subham Avenue.

• S.S.Garden: Rs 1,480 per sq.ft (2024)
• Sri Vijayalakshmi Garden: Rs 2,200 per sq.ft (2024)
• Sri Raghavendhra Avenue: Rs 990 per sq.ft (2024)
• Sri Kamatchi Gardens: Rs 3,300 per sq.ft (2024)
• Sri Kamachi Garden Phase - II: Rs 3,300 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Subham Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total to Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Subham Avenue?

The Sub Registrar Office that covers Subham Avenue is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions in Thandalam. It serves as a reference point for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the higher amount between the guideline value and the sale price is considered for calculating the applicable duties and fees. This ensures that the government receives the correct revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Subham Avenue?

The current guideline value of Subham Avenue is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 737 per sq.ft in 2017 to Rs 1,210 per sq.ft in 2024, reflecting an overall increase of +64% over that period.

What is the classification of land in Subham Avenue?

Subham Avenue is classified as Residential Class I Type - I, indicating its designation for residential use.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is stamp duty calculated for properties in Subham Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700 at 7%.