Guideline Value for Guberan Nagar

Guberan Nagar guideline value

The current guideline value of Guberan Nagar, located in Pillaippakkam-A village under the Sriperumpudur SRO, is Rs 1,254 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Mixed Special Type - III.

How the guideline value of Guberan Nagar has changed

In the 2017 revision, the guideline value was Rs 840 per sq.ft. This value remained unchanged in the 2023 revision, which also recorded Rs 1,254 per sq.ft. The current 2024 revision also shows a guideline value of Rs 1,254 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a significant increase of 49%. The revisions for the years 2002, 2003, 2007, and 2012 do not have figures recorded for this street.

Guideline values in Pillaippakkam-A

In Pillaippakkam-A, there are 49 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,254 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Guberan Nagar's 2024 figure above this median.

• Guberan Nagar Part - II: Rs 840 per sq.ft (2024)
• Jasmine Nagar: Rs 200 per sq.ft (2024)
• Ganapathy Nagar: Rs 200 per sq.ft (2024)
• Joy Garden: Rs 400 per sq.ft (2024)
• Erikkarai Street: Rs 200 per sq.ft (2024)
• Kammalar Nagar: 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 1,254 per sq.ft, the total guideline value would be Rs 12,54,000. The stamp duty at 7% would amount to Rs 87,780, while the registration fee at 2% would be Rs 25,080. Together, the total cost would be Rs 1,12,860. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Guberan Nagar?

The Guberan Nagar area is covered by 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 Pillaippakkam-A

The guideline value is a critical factor when registering property in Pillaippakkam-A. It determines the amount of stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value serves as a benchmark for the transaction value, ensuring that the registration process is transparent and in accordance with the established rates.

Frequently asked questions

What is the current guideline value of Guberan Nagar?

The current guideline value of Guberan Nagar is Rs 1,254 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 840 per sq.ft in 2017 to Rs 1,254 per sq.ft in 2023 and remained the same in 2024, resulting in an overall increase of 49% from 2017 to 2024.

What are the guideline values of other streets in Pillaippakkam-A?

Other streets in Pillaippakkam-A have varying guideline values, with Guberan Nagar Part - II at Rs 840 per sq.ft, Jasmine Nagar at Rs 200 per sq.ft, and Joy Garden at Rs 400 per sq.ft among others.

What fees are associated with property registration in Guberan Nagar?

When registering property in Guberan Nagar, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 1,12,860 in fees.

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

The Sub Registrar Office covering Guberan Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information through the provided link.