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 area is located in Vedavakkam village, under the Madurandakam SRO, and is classified as 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 2024 revision. The 2017 revision recorded a decrease to Rs 67 per sq.ft, followed by a significant increase of 49% to Rs 100 per sq.ft in the 2023 revision.

Notably, the register has no figures for the years 2002, 2003, and 2007 for this street. From the 2012 revision to the 2024 revision, the overall change is 0%, indicating that the value has stabilized at Rs 100 per sq.ft since 2012.

Guideline values in Vedavakkam

In Vedavakkam, there are six streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 200 per sq.ft, with a median of Rs 150 per sq.ft. Guberamangala Nagar's 2024 figure is below this median.

• Anandham Nagar: Rs 150 per sq.ft (2024)
• Sri Thirumala Garden: Rs 126 per sq.ft (2024)
• Vasantham Nagar Phase I: Rs 200 per sq.ft (2024)
• Vgp Gold Fields: Rs 200 per sq.ft (2024)
• Wings Pon Nagar: Rs 150 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 at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. 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 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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Vedavakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buyers or sellers engage in a transaction, the guideline value helps ensure that the property is valued appropriately for taxation purposes. This value is essential for both legal and financial aspects of property registration.

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 seen changes from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the median guideline value in Vedavakkam?

The median guideline value in Vedavakkam is Rs 150 per sq.ft, with Guberamangala Nagar's 2024 figure being below this median.

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

For a 1,000 sq.ft plot at Rs 100 per sq.ft, the total guideline value is Rs 1,00,000. The stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000.

Where is the Sub Registrar Office for Guberamangala Nagar located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.