Guideline Value for KUBERAN GARDEN

Kuberan Garden guideline value

The current guideline value of Kuberan Garden is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Sirupinayoor, Thiruvanthavar, Perungazhi village, under the Salavakkam SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Kuberan Garden has changed

The guideline value of Kuberan Garden has seen several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2024 revision. In the 2017 revision, the value was reduced to Rs 100 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 50% to Rs 150 per sq.ft, and this rate has been maintained through the 2024 revision, resulting in no overall change from 2012 to 2024.

There are no figures available for the revisions in 2002, 2003, and 2007 for Kuberan Garden. The current guideline value reflects the stability seen in the recent revisions, particularly between 2023 and 2024, where there was no change.

Guideline values in Sirupinayoor,Thiruvanthavar,Perungazhi

In Sirupinayoor, Thiruvanthavar, Perungazhi, there are 36 streets under the Salavakkam SRO, with the 2024 guideline values ranging from Rs 100 to Rs 1,000 per sq.ft. The median value for these streets is Rs 150 per sq.ft, which is equal to the guideline value of Kuberan Garden.

• Krishna Thulasi: Rs 100 per sq.ft (2024)
• Krishna Nagar (A) Anna Nagar: Rs 150 per sq.ft (2024)
• Krishna Nagar: Rs 150 per sq.ft (2024)
• Krishna Brindavan: Rs 100 per sq.ft (2024)
• Mamandur New City: Rs 150 per sq.ft (2024)
• JV promoter's in PTC nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Kuberan Garden

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value totals Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kuberan Garden?

The Sub Registrar Office that covers Kuberan Garden is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Sirupinayoor,Thiruvanthavar,Perungazhi

The guideline value plays a crucial role in the registration process when buying or selling property in Sirupinayoor, Thiruvanthavar, Perungazhi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Kuberan Garden?

The current guideline value of Kuberan Garden is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2012 to 2024, with a decrease to Rs 100 per sq.ft in 2017, followed by an increase back to Rs 150 per sq.ft in 2023.

What are the stamp duty and registration fees for Kuberan Garden?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,50,000. The stamp duty would be Rs 10,500, and the registration fee would be Rs 3,000, totaling Rs 13,500.

Which Sub Registrar Office covers this area?

The Salavakkam Sub Registrar Office covers Kuberan Garden, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as the minimum value for registration and is crucial for accurate record-keeping.