Guideline Value for GUBERA LAKSHMI NAGAR, MUTHU SALAI

Gubera Lakshmi Nagar, Muthu Salai guideline value

The current guideline value of Gubera Lakshmi Nagar, Muthu Salai is Rs 1,975 per sq.ft, effective from 1 July 2024. This area is located in Pozhichalur village under the Pammal SRO, and it falls under the Residential Special Type - III land classification.

How the guideline value of Gubera Lakshmi Nagar, Muthu Salai has changed

In the 2017 revision, the guideline value was set at Rs 1,200 per sq.ft. This figure remained unchanged in the 2023 revision, which also listed the guideline value at Rs 1,200 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 1,975 per sq.ft, marking a significant change of +65% from the previous year. Overall, from 2017 to 2024, the guideline value has increased by +65%.

It is important to note that there are no figures available for the revisions from 2002, 2003, 2007, and 2012 for this street. The absence of these figures means there is no historical data for those years regarding the guideline value of Gubera Lakshmi Nagar, Muthu Salai.

Guideline values in Pozhichalur

In Pozhichalur village, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, placing Gubera Lakshmi Nagar's 2024 figure above this median.

• Gnamani Nagar 5th Street: Rs 1,320 per sq.ft (2024)
• Gnamani Nagar 4th Street: Rs 1,320 per sq.ft (2024)
• Gnamani Nagar 3rd Street: Rs 1,320 per sq.ft (2024)
• Gnamani Nagar 2nd Street: Rs 1,320 per sq.ft (2024)
• Gnamani Nagar 1st Street: Rs 1,320 per sq.ft (2024)
• Indra Gandhi Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Gubera Lakshmi Nagar, Muthu Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,975 per sq.ft, the total guideline value amounts to Rs 19,75,000. The stamp duty at 7% would be Rs 1,38,250, and the registration fee at 2% would be Rs 39,500, totaling Rs 1,77,750. 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gubera Lakshmi Nagar, Muthu Salai?

The Sub Registrar Office that covers Gubera Lakshmi Nagar, Muthu Salai is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Pozhichalur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is crucial for calculating the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Gubera Lakshmi Nagar, Muthu Salai?

The current guideline value of Gubera Lakshmi Nagar, Muthu Salai is Rs 1,975 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a significant increase from Rs 1,200 per sq.ft in 2017 to Rs 1,975 per sq.ft in 2024, marking an overall increase of +65% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,75,000, the stamp duty would be Rs 1,38,250, and the registration fee would be Rs 39,500, totaling Rs 1,77,750. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registration in Gubera Lakshmi Nagar?

The Pammal Sub Registrar Office is responsible for property registration in Gubera Lakshmi Nagar, Muthu Salai. It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value for properties, which is essential for calculating stamp duty and registration fees. It ensures that the government receives appropriate revenue from property transactions.