Guideline Value for Guberan Nagar

Guberan Nagar guideline value

The current guideline value of Guberan Nagar, located in Kunduperumpedu village, is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Guberan Nagar has changed

In the 2012 revision, the guideline value was set at Rs 250 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft, reflecting a -33% change. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 250 per sq.ft. The 2024 revision has maintained this value at Rs 250 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for Guberan Nagar.

Guideline values in Kunduperumpedu

Kunduperumpedu village has 35 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value in this area is Rs 200 per sq.ft, placing Guberan Nagar above this median.

• Gunduperumpedu New Town: Rs 350 per sq.ft (2024)
• Ganapathy Nagar: Rs 150 per sq.ft (2024)
• Jemi Galaxy Nagar: Rs 300 per sq.ft (2024)
• Jemi Modern City - I: Rs 250 per sq.ft (2024)
• Jemi Modern City - II: Rs 250 per sq.ft (2024)
• Jesus Garden: Rs 200 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 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total cost for these charges to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kunduperumpedu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When a buyer or seller approaches the Sub Registrar Office for registration, the guideline value is used to calculate the necessary fees, ensuring compliance with local regulations. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Guberan Nagar?

The current guideline value of Guberan Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 250 per sq.ft. From 2012 to 2017, it decreased to Rs 167 per sq.ft, but increased by 50% to Rs 250 per sq.ft by 2023.

What are the other streets in Kunduperumpedu?

Other streets in Kunduperumpedu include Gunduperumpedu New Town, Ganapathy Nagar, Jemi Galaxy Nagar, Jemi Modern City - I, Jemi Modern City - II, and Jesus Garden, with guideline values ranging from Rs 150 to Rs 350 per sq.ft in 2024.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 250 per sq.ft incurs a total guideline value of Rs 2,50,000, leading to specific fees based on this amount.

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

The Sub Registrar Office for Guberan Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.