Guideline Value for GUBERAMANGALA NAGAR

Guberamangala Nagar guideline value

The current guideline value of Guberamangala Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This locality is situated in Vaiyavoor village and falls under the Madurandakam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Guberamangala Nagar has changed

Over the years, the guideline value of Guberamangala Nagar has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft. This was followed by a significant increase in the 2023 revision, bringing the value back to Rs 100 per sq.ft. The current revision in 2024 maintains this value at Rs 100 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, when comparing the figures from 2012 to 2024, there has been no change in the guideline value.

Guideline values in Vaiyavoor

In Vaiyavoor, there are nine streets under the Madurandakam SRO that have a guideline value for 2024, ranging from Rs 100 to Rs 800 per sq.ft, with a median value of Rs 200 per sq.ft. Guberamangala Nagar's 2024 figure is below this median.

• Alangar Gateway City: Rs 150 per sq.ft (2024)
• Sri Bharathi Nagar: Rs 200 per sq.ft (2024)
• Sri Padmavathy Nagar: Rs 150 per sq.ft (2024)
• Sri Venkateshwara Nagar Phase-I&ii: Rs 200 per sq.ft (2024)
• Sri Venkateswara Nagar Ph I &ii: Rs 500 per sq.ft (2024)
• Sri Padhmavathy Nagar Anex: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Guberamangala Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, totaling Rs 7,000, while the registration fee at 2% amounts to Rs 2,000. Therefore, the total cost for these fees is Rs 9,000. It is important to note that 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 details.

Which Sub Registrar Office covers Guberamangala Nagar?

The Sub Registrar Office that covers Guberamangala Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role during the registration of property transactions in Vaiyavoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value is used to ensure that the transaction is registered at a value that reflects the official rates set by the government. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Guberamangala Nagar?

The current guideline value of Guberamangala Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft from 2023 to 2024. However, it decreased from Rs 100 in 2012 to Rs 67 in 2017, and then increased back to Rs 100 in 2023.

What are the guideline values of other streets in Vaiyavoor?

In Vaiyavoor, other streets have varying guideline values ranging from Rs 100 to Rs 800 per sq.ft. The median value for these streets is Rs 200 per sq.ft, while Guberamangala Nagar's value is below this median.

What are the stamp duty and registration fees for Guberamangala Nagar?

The stamp duty for a property in Guberamangala Nagar is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 9,000.

Which office handles property registrations in Guberamangala Nagar?

The Madurandakam Sub Registrar Office is responsible for property registrations in Guberamangala Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.