Guideline Value for KUBERABURI NAGAR

Kuberaburi Nagar guideline value

The current guideline value of Kuberaburi Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Devathanam village and falls under the Ponneri SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Kuberaburi Nagar has changed

The guideline value for Kuberaburi Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 100 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft. Following this, the value increased significantly to Rs 100 per sq.ft in the 2023 revision, which was maintained in the 2024 revision, reflecting a 49% increase from 2017 to 2023. There are no figures available for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, the guideline value decreased by 33%. However, when looking at the overall change from 2012 to 2024, there has been no net change, as the value in 2024 is again Rs 100 per sq.ft.

Guideline values in Devathanam

In Devathanam, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 111 per sq.ft, with a median value of Rs 100 per sq.ft. Kuberaburi Nagar's 2024 guideline value is equal to this median.

• Karudathiri Nagar: Rs 100 per sq.ft (2024)
• J S Nagar: Rs 100 per sq.ft (2024)
• Jeremiah City: Rs 111 per sq.ft (2024)
• M R Agraharam: Rs 100 per sq.ft (2024)
• Imayam Nagar: Rs 111 per sq.ft (2024)
• Green City: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Kuberaburi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, making a total of Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kuberaburi Nagar?

Kuberaburi Nagar is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Devathanam. It determines the minimum value at which a property can be registered, and it is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value of Kuberaburi Nagar?

The current guideline value of Kuberaburi Nagar is Rs 100 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 revisions being Rs 100 per sq.ft in both 2023 and 2024, and Rs 67 per sq.ft in 2017. The value was Rs 100 per sq.ft in 2012.

What is the land classification for Kuberaburi Nagar?

Kuberaburi Nagar is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.

What are the stamp duty rates applicable in Kuberaburi Nagar?

The stamp duty rate applicable in Kuberaburi Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office that covers Kuberaburi Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.