Guideline Value for Guberan Garden

Guberan Garden guideline value

The current guideline value of Guberan Garden, located in Udaiyavarkoil village, under the Poonamallee SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Guberan Garden has changed

The guideline value for Guberan Garden has seen several revisions over the years. In 2012, the value was set at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 500 per sq.ft, and the most recent 2024 revision has raised it further to Rs 550 per sq.ft, marking a 10% increase from the previous year. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Udaiyavarkoil

In Udaiyavarkoil village, there are 35 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,400 per sq.ft. The median value for these streets is Rs 550 per sq.ft, which aligns with the current guideline value of Guberan Garden.

• Homeland 124 Phase - 2: Rs 3,400 per sq.ft (2024)
• Homeland 124 Phase-I: Rs 3,350 per sq.ft (2024)
• Gangai kondan mandapa veethi: Rs 825 per sq.ft (2024)
• Eswaran koil vadavandai mada veethi: Rs 825 per sq.ft (2024)
• Eswaran koil street: Rs 550 per sq.ft (2024)
• Durga nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Guberan Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Guberan Garden?

The Sub Registrar Office that covers Guberan Garden is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Udaiyavarkoil. It serves as a benchmark for assessing the value of the property, ensuring that the transaction is recorded at a fair value as determined by the state authorities.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures transparency in property transactions and helps in preventing undervaluation or overvaluation of properties.

Frequently asked questions

What is the current guideline value of Guberan Garden?

The current guideline value of Guberan Garden is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Guberan Garden?

Guberan Garden is classified as Residential Class II Type - I, indicating its designation for residential use.

Where can I find the registration office for Guberan Garden?

The registration office for Guberan Garden is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is stamp duty calculated for properties in Guberan Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at 7%.