Guideline Value for Gubera Nagar

Gubera Nagar guideline value

The current guideline value of Gubera Nagar is Rs 1,000 per sq.ft, as per the 2023 revision. This area is located in Rathinamangalam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Gubera Nagar has changed

Over the years, the guideline value of Gubera Nagar has seen significant changes. The 2007 revision recorded a guideline value of Rs 150 per sq.ft, which increased dramatically to Rs 1,000 per sq.ft in the 2012 revision, marking a rise of 567%. However, the 2017 revision saw a decrease to Rs 670 per sq.ft, a drop of 33%. The most recent revision in 2023 returned the guideline value to Rs 1,000 per sq.ft, reflecting an increase of 49% from 2017.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for Gubera Nagar. Overall, from 2007 to 2023, the guideline value has increased by 567%.

Guideline values in Rathinamangalam

Currently, there are no specific village figures provided for Rathinamangalam. Gubera Nagar is one of the streets under the jurisdiction of the Gooduvancheri SRO.

Stamp duty and registration fee for property in Gubera Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total charges to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gubera Nagar?

The Sub Registrar Office that covers Gubera Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Rathinamangalam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these charges are aligned with the official valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value, as it determines the financial obligations involved in the transaction. Buyers should ensure that they are prepared for these costs, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Gubera Nagar?

The current guideline value of Gubera Nagar is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 150 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in 2023.

What is the land classification of Gubera Nagar?

Gubera Nagar is classified as Residential Special Type - II. This classification affects the guideline value and the types of properties that can be developed in the area.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Gubera Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at a rate of 7%.