Guideline Value for GUBERAN NAGAR

Guberan Nagar guideline value

The current guideline value of Guberan Nagar is Rs 1,375 per sq.ft, effective from 1 July 2024. This area is located in Paruthipattu village and falls under the Avadi SRO. The land classification for this street is Industries Type - III.

How the guideline value of Guberan Nagar has changed

The guideline value for Guberan Nagar has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,375 per sq.ft, which is an increase from the 2023 revision of Rs 1,250 per sq.ft. Notably, there was no change in the guideline value between the 2017 and 2023 revisions, with both years recording Rs 1,250 per sq.ft. The overall change from the 2017 revision to the 2024 revision is a 10% increase.

There are no figures available for the years 2002, 2003, 2007, and 2012 for Guberan Nagar. The last recorded revision prior to 2017 was in 2017, which maintained the value at Rs 1,250 per sq.ft. Therefore, the guideline value has seen a consistent increase of 10% from 2017 to 2024.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, indicating that Guberan Nagar's 2024 figure is below this median.

• Green City: Rs 950 per sq.ft (2024)
• Gowripettai 3rd Cross St: Rs 950 per sq.ft (2024)
• Gowripettai 2nd Cross St: Rs 950 per sq.ft (2024)
• Gowripettai 1st St: Rs 1,625 per sq.ft (2024)
• Govarthnagiri Pillaiyar Koil St: Rs 1,625 per sq.ft (2024)
• Govarthanagiri Govindasamy Street: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Guberan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value would be Rs 13,75,000. The stamp duty at 7% would amount to Rs 96,250, while the registration fee at 2% would be Rs 27,500. Together, the total cost for these fees would be Rs 1,23,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Guberan Nagar?

The Guberan Nagar area is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating these fees.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Guberan Nagar?

The current guideline value of Guberan Nagar is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2023 to Rs 1,375 per sq.ft in 2024, marking a 10% increase. It remained at Rs 1,250 per sq.ft from 2017 to 2023.

What is the land classification for Guberan Nagar?

The land classification for Guberan Nagar is Industries Type - III, which indicates the type of development allowed in this area.

What are the stamp duty and registration fees for properties in Guberan Nagar?

The stamp duty for properties in Guberan Nagar is 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 1,23,750.

Which Sub Registrar Office covers Guberan Nagar?

The Avadi Sub Registrar Office covers Guberan Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.