Guideline Value for KUBERAN NAGAR

Kuberan Nagar guideline value

The current guideline value for Kuberan Nagar is Rs 120 per sq.ft, effective from 1 July 2024. This street is located in Karikili village under the Salavakkam SRO and is classified as Residential Special Type - I.

How the guideline value of Kuberan Nagar has changed

Over the years, the guideline value of Kuberan Nagar has seen several revisions. The 2012 revision set the value at Rs 120 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 120 per sq.ft. The 2017 revision marked a decrease to Rs 80 per sq.ft, reflecting a -33% change from the 2012 figure. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 50%, bringing it back to Rs 120 per sq.ft. The most recent revision in 2024 maintains this value, indicating a 0% change from the previous year. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 120 per sq.ft.

Guideline values in Karikili

In Karikili village, there are 12 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with a median value of Rs 116 per sq.ft. Kuberan Nagar's 2024 guideline value is above this median.

• K.J.Nagar Phase-III: Rs 120 per sq.ft (2024)
• K.J.Nagar Phase-II: Rs 111 per sq.ft (2024)
• K.J.Nagar: Rs 111 per sq.ft (2024)
• Layout (No Name): Rs 120 per sq.ft (2024)
• Madura Nagar: Rs 111 per sq.ft (2024)
• Nemichand Park: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Kuberan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 120 per sq.ft, the total guideline value amounts to Rs 1,20,000. The stamp duty at 7% would be Rs 8,400, and the registration fee at 2% would be Rs 2,400, totaling Rs 10,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kuberan Nagar?

Kuberan Nagar falls under the jurisdiction of the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions, as it determines the minimum value at which properties can be registered. When buying or selling property in Karikili, the guideline value helps in calculating the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with the registration requirements. The guideline value serves as a benchmark for the transaction, ensuring that properties are not undervalued during the registration process.

Frequently asked questions

What is the current guideline value of Kuberan Nagar?

The current guideline value of Kuberan Nagar is Rs 120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 120 per sq.ft from 2012 to 2024, with a decrease to Rs 80 per sq.ft in 2017 and an increase back to Rs 120 per sq.ft in 2023.

What is the land classification for Kuberan Nagar?

Kuberan Nagar is classified as Residential Special Type - I, indicating its designation for residential purposes.

Where can I find the Salavakkam Sub Registrar Office?

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

How is stamp duty calculated for properties in Kuberan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 120 per sq.ft incurs a total stamp duty of Rs 8,400.