Guideline Value for Subham Nagar

Subham Nagar guideline value

The current guideline value of Subham Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024. This area is located in Ariyalur village under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Subham Nagar has changed

The guideline value register for Subham Nagar shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 1,002 per sq.ft.

Since there are no figures available for the previous years listed, there have been no changes in the guideline value for Subham Nagar between these revisions. The current rate aligns with the median guideline value for other streets in Ariyalur under the Redhills SRO.

Guideline values in Ariyalur

Ariyalur village comprises 24 streets under the Redhills SRO, with a 2024 guideline value range from Rs 1,002 to Rs 1,008 per sq.ft. The median guideline value for these streets is Rs 1,002 per sq.ft, which is the same as the current value for Subham Nagar.

• Sri Abirami Nagar: Rs 1,004 per sq.ft (2024)
• Shanthi Nagar: Rs 1,004 per sq.ft (2024)
• Vigneshwara Nagar: Rs 1,008 per sq.ft (2024)
• Zion Nagar: Rs 1,002 per sq.ft (2024)
• P.T.C. Nagar: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street (Colony): Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Subham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value amounts to Rs 10,02,000. The stamp duty at 7% would be Rs 70,140, and the registration fee at 2% would be Rs 20,040, making the total charges Rs 90,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Subham Nagar?

The Sub Registrar Office covering Subham Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is an essential reference point for property transactions in Ariyalur. It serves as the basis for calculating stamp duty and registration fees during the property registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value according to the local regulations. It is crucial for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Subham Nagar?

The current guideline value of Subham Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024.

What is the land classification of Subham Nagar?

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

Which office handles registrations for Subham Nagar?

The Redhills Sub Registrar Office handles registrations for Subham Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Subham Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 10,02,000 would incur a stamp duty of Rs 70,140 at a rate of 7%.

Are there any previous guideline values for Subham Nagar?

The guideline value register shows no figures for Subham Nagar for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only current figure is from the 2024 revision.