Guideline Value for Kubera Nagar (Near by G.S.T Road)

Kubera Nagar (Near by G.S.T Road) guideline value

The current guideline value of Kubera Nagar (Near by G.S.T Road) is Rs 3,500 per sq.ft, effective from 1 July 2024. This area is located in Nandhivaram village and falls under the Gooduvancheri SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of Kubera Nagar (Near by G.S.T Road) has changed

Over the years, the guideline value for Kubera Nagar has seen several revisions. The 2012 revision set the value at Rs 3,500 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision marked a significant increase from the 2012 figure, which was Rs 2,345 per sq.ft, reflecting a decrease of 33%. The 2023 revision maintained the value at Rs 3,500 per sq.ft, and there was no change in the 2024 revision, which also stands at Rs 3,500 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision shows no increase or decrease, remaining at Rs 3,500 per sq.ft.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing Kubera Nagar's 2024 figure above this median.

• Krishnaveni Nagar: Rs 1,500 per sq.ft (2024)
• Krishnapuram 1 to 3 Main Road: Rs 1,500 per sq.ft (2024)
• Krishnapuram 1 to 3 Cross Streets: Rs 1,500 per sq.ft (2024)
• Kulakkarai Street: Rs 1,000 per sq.ft (2024)
• K.K. Avenue: Rs 1,500 per sq.ft (2024)
• Lakshmi Garden: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kubera Nagar (Near by G.S.T Road)

For a 1,000 sq.ft plot at the current rate of Rs 3,500 per sq.ft, the guideline value amounts to Rs 35,00,000. The stamp duty at 7% would be Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, bringing the total to Rs 3,15,000. 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 detailed calculations.

Which Sub Registrar Office covers Kubera Nagar (Near by G.S.T Road)?

The Sub Registrar Office that covers Kubera Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during property registration in Nandhivaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is used to calculate the applicable stamp duty and registration fees, which are essential steps in the property transaction process.

Frequently asked questions

What is the current guideline value of Kubera Nagar?

The current guideline value of Kubera Nagar (Near by G.S.T Road) is Rs 3,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 3,500 per sq.ft since 2012, with a significant increase from Rs 2,345 per sq.ft in 2017. There were no changes in the 2023 and 2024 revisions.

What is the land classification of Kubera Nagar?

Kubera Nagar is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kubera Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 35,00,000, the stamp duty at 7% would be Rs 2,45,000.