Guideline Value for GUBERAN NAGAR

Guberan Nagar guideline value

The current guideline value of Guberan Nagar is Rs 103 per sq.ft, effective from 1 July 2024. This area is located in Kizhavalem village and falls under the Madurandakam SRO, classified as Residential Special Type - II.

How the guideline value of Guberan Nagar has changed

The guideline value for Guberan Nagar has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 85 per sq.ft. This figure changed to Rs 57 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 100 per sq.ft, reflecting a 75% rise. The most recent revision in 2024 has set the guideline value at Rs 103 per sq.ft, which is a 3% increase from the previous year.

It is important to note that there are no recorded figures for Guberan Nagar in the revisions from 2002, 2003, and 2007. Overall, the guideline value has increased by 21% from 2012 to 2024.

Guideline values in Kizhavalem

Kizhavalem village has 19 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 400 per sq.ft. The median value among these streets is Rs 103 per sq.ft, which is equal to the guideline value of Guberan Nagar.

• i5 GLOBAL CITY: Rs 250 per sq.ft (2024)
• Chandra Township Phase-II: Rs 350 per sq.ft (2024)
• Marc Avenue Phase-I: Rs 120 per sq.ft (2024)
• Anantham Nagar: Rs 100 per sq.ft (2024)
• Ryan Garden Village: Rs 100 per sq.ft (2024)
• Safa Nagar Part - II: Rs 120 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 103 per sq.ft, the total guideline value would be Rs 1,03,000. The stamp duty, charged at 7%, would amount to Rs 7,210, while the registration fee at 2% would be Rs 2,060. Together, the total cost for stamp duty and registration would be Rs 9,270. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on the fees, you can use the stamp duty and registration fee calculator.

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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Kizhavalem. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and consistency in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential components of the overall transaction costs. This ensures that both buyers and sellers are aware of their financial obligations 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 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 85 per sq.ft in 2012 to Rs 57 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and finally to Rs 103 per sq.ft in 2024.

What is the land classification of Guberan Nagar?

Guberan Nagar is classified as Residential Special Type - II under the Madurandakam SRO.

Where can I find the Sub Registrar Office for Guberan Nagar?

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

How is the stamp duty calculated for properties in Guberan Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 103 per sq.ft, the stamp duty would be Rs 7,210.