Guideline Value for Guberan Nagar

Guberan Nagar guideline value

The current guideline value of Guberan Nagar is Rs 1,195 per sq.ft. This area is located in Ayyencheri village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Guberan Nagar has changed

The guideline value of Guberan Nagar has undergone several revisions over the years. In the 2007 revision, the guideline value was set at Rs 750 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2012 revision, marking a rise of 33%. However, in the 2017 revision, the value decreased to Rs 800 per sq.ft, reflecting a drop of 20%. The most recent revision in 2023 saw a significant increase to Rs 1,195 per sq.ft, which is a rise of 49% from the previous figure.

Overall, from 2007 to 2023, the guideline value has increased by 59%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

Currently, there are no specific village figures available for Ayyencheri. Guberan Nagar is one of the streets under the jurisdiction of the Gooduvancheri SRO.

Stamp duty and registration fee for property in Guberan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,195 per sq.ft, the total guideline value would be Rs 11,95,000. The stamp duty at 7% would amount to Rs 83,650, and the registration fee at 2% would be Rs 23,900. Therefore, the total cost for stamp duty and registration fee would be Rs 1,07,550. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our 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 Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Ayyencheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When registering a property, the guideline value is compared with the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Guberan Nagar?

The current guideline value of Guberan Nagar is Rs 1,195 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 750 per sq.ft to Rs 1,195 per sq.ft in 2023, marking an overall increase of 59%.

What are the stamp duty rates for properties in Guberan Nagar?

The stamp duty for properties in Guberan Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Guberan Nagar located?

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

How is the guideline value determined for property transactions?

The guideline value is determined by the Registration Department and is used as a basis for calculating stamp duty and registration fees during property transactions in Ayyencheri.