Guideline Value for Subiksham Nagar Ext

Subiksham Nagar Ext guideline value

The current guideline value of Subiksham Nagar Ext is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Valluvapakkam village under the Walajabad SRO, classified as Residential Class I Type - III.

How the guideline value of Subiksham Nagar Ext has changed

The guideline value for Subiksham Nagar Ext has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 200 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft, marking a decrease of 33%. Following this, the 2023 revision saw a significant increase to Rs 200 per sq.ft, which was maintained in the 2024 revision, resulting in a 49% increase from the 2017 figure.

It is important to note that there are no registered figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained the same at Rs 200 per sq.ft.

Guideline values in Valluvapakkam

In Valluvapakkam village, there are 20 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Subiksham Nagar Ext is below this median.

• Sri Shankara Nagar: Rs 250 per sq.ft (2024)
• Sri Saravana Nagar: Rs 250 per sq.ft (2024)
• Sri Saraswathi Nagar: Rs 250 per sq.ft (2024)
• Sri Sai Nagar: Rs 300 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 250 per sq.ft (2024)
• Sri Lakshmi Guberan Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Subiksham Nagar Ext

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Subiksham Nagar Ext?

The Sub Registrar Office covering Subiksham Nagar Ext is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Valluvapakkam. It serves as a baseline for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Subiksham Nagar Ext?

The current guideline value of Subiksham Nagar Ext is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Subiksham Nagar Ext has seen several revisions, with the most recent being Rs 200 per sq.ft in 2024, unchanged from 2023. The value was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012.

What are the other streets in Valluvapakkam with their guideline values?

Other streets in Valluvapakkam have varying guideline values, with rates ranging from Rs 250 to Rs 300 per sq.ft. Notable streets include Sri Shankara Nagar and Sri Saravana Nagar, both at Rs 250 per sq.ft.

How is the stamp duty calculated for property in Subiksham Nagar Ext?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For a plot of 1,000 sq.ft at Rs 200 per sq.ft, the total stamp duty would amount to Rs 14,000.

Where can I find the Sub Registrar Office for Subiksham Nagar Ext?

The Sub Registrar Office for Subiksham Nagar Ext is the Walajabad Sub Registrar Office, located on Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.