Guideline Value for Guberan Nagar

Guberan Nagar guideline value

The current guideline value of Guberan Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Guberan Nagar has changed

The guideline value for Guberan Nagar has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 469 per sq.ft. Since then, the value has remained at Rs 700 per sq.ft for both the 2023 and 2024 revisions, marking a significant increase of 49% from 2017 to 2023. The 2024 revision shows no change from the previous year.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street. Overall, the guideline value has increased by 49% from the 2017 revision to the 2024 revision.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which is the same as the current guideline value for Guberan Nagar.

• Gowthami Nagar: Rs 700 per sq.ft (2024)
• Govinda Mettu Street: Rs 1,200 per sq.ft (2024)
• Govarthinan Nagar: Rs 1,000 per sq.ft (2024)
• Gothanda Nadar Nagar: Rs 1,200 per sq.ft (2024)
• Giri Nagar: Rs 700 per sq.ft (2024)
• Irular Colony: Rs 400 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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. 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 Sriperumbudur A

The guideline value is a crucial factor in property transactions in Sriperumbudur A, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it influences the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value serves as a benchmark for calculating the stamp duty, which is a mandatory fee imposed by the government. This ensures that the registration process is transparent and reflects the current market conditions.

Frequently asked questions

What is the current guideline value of Guberan Nagar?

The current guideline value of Guberan Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both 2023 and 2024, representing a 49% increase over this period.

What are the stamp duty and registration fees for properties in Guberan Nagar?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles property registrations for Guberan Nagar?

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

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property and is essential for calculating the applicable stamp duty and registration fees during a transaction.