Guideline Value for GUBERAN NAGAR

Guberan Nagar guideline value

The current guideline value of Guberan Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Boodhur village under the Madurandakam SRO, classified as Mixed Type - II land.

How the guideline value of Guberan Nagar has changed

Over the years, the guideline value of Guberan Nagar has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was Rs 201 per sq.ft, indicating a decrease of 33% from the previous revision. The 2023 revision maintained the value at Rs 300 per sq.ft, and this value was carried forward into the 2024 revision, showing no change from the previous year.

The changes between the revisions highlight a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has remained stable, with no increase or decrease. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Boodhur

In Boodhur village, five streets under the Madurandakam SRO carry a 2024 guideline value. The values range from Rs 100 to Rs 300 per sq.ft, with a median of Rs 101 per sq.ft. Guberan Nagar's 2024 guideline value is above this median.

• Lakshmi Nagar: Rs 100 per sq.ft (2024)
• Akshaya Nagar: Rs 200 per sq.ft (2024)
• Sri Adhidhya Nagar Phase-I: Rs 101 per sq.ft (2024)
• Sri Jothi Nagar: Rs 100 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Guberan Nagar?

The Sub Registrar Office that covers Guberan 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 more information.

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

The guideline value is a crucial factor during the registration of property transactions in Boodhur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair transaction price. It serves as a reference point for both buyers and sellers, facilitating transparent and equitable property dealings.

Frequently asked questions

What is the current guideline value of Guberan Nagar?

The current guideline value of Guberan Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 300 per sq.ft from 2012 to 2024, with a significant increase of 49% from 2017 to 2023. The 2012 revision was Rs 300 per sq.ft, while the 2017 revision was Rs 201 per sq.ft.

What is the land classification of Guberan Nagar?

Guberan Nagar is classified as Mixed Type - II land, indicating a diverse use of the area.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 21,000 and the registration fee is Rs 6,000, totaling Rs 27,000. These fees are based on the higher of the guideline value or sale price.

Which office manages the registration of properties in Guberan Nagar?

The Madurandakam Sub Registrar Office manages the registration of properties in Guberan Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306.