Guideline Value for Guberan Garden

Guberan Garden guideline value

The current guideline value of Guberan Garden is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village under the Sriperumpudur SRO and is classified as Residential Special 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 guideline value was Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, it dropped to Rs 201 per sq.ft, before increasing to Rs 300 per sq.ft in both the 2023 and 2024 revisions. The register has no figures for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. Notably, the guideline value from 2023 to 2024 remained unchanged at +0%. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 300 per sq.ft.

Guideline values in Kolathur

In Kolathur, there are 45 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 1,300 per sq.ft. The median guideline value for the area is Rs 250 per sq.ft, placing Guberan Garden's 2024 figure above this median.

• Ideal Forms: Rs 200 per sq.ft (2024)
• G.E.C Nagar: Rs 150 per sq.ft (2024)
• Gandhi Nagar: Rs 300 per sq.ft (2024)
• Kamaraj Nagar: Rs 300 per sq.ft (2024)
• David Nagar: Rs 150 per sq.ft (2024)
• Lakshmi Nagar: Rs 250 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 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to 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 duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Guberan Garden?

The Guberan Garden area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, 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 Kolathur

When buying or selling property in Kolathur, the guideline value serves as a benchmark for determining the stamp duty and registration fees. This value is crucial for ensuring that the appropriate taxes are calculated based on the property's worth as established by the state.

At the time of registration, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the correct amount of revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Guberan Garden?

The current guideline value of Guberan Garden 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 at Rs 300 per sq.ft from 2012 to 2024, with a decrease to Rs 201 per sq.ft in the 2017 revision and an increase back to Rs 300 per sq.ft in 2023 and 2024.

What is the land classification of Guberan Garden?

Guberan Garden is classified as Residential Special Type - I, indicating its suitability for residential developments.

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

The Sriperumpudur Sub Registrar Office covers Guberan Garden and is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

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, on a property with a guideline value of Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.