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Guideline Value

Corporate

Guideline Value for Kuberan Nagar 3rd Cross Street

₹3850/sq.ft.

The guideline value for Kuberan Nagar 3rd Cross Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kuberan Nagar 3rd Cross Street

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Kuberan Nagar 3rd Cross Street guideline value

The current guideline value of Kuberan Nagar 3rd Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kuberan Nagar 3rd Cross Street has changed

The guideline value for Kuberan Nagar 3rd Cross Street has changed over the years, with the most recent revision in 2024 setting it at Rs 3,850 per sq.ft. Prior to this, in 2023, the guideline value was Rs 3,500 per sq.ft, reflecting an increase of 10% from the previous year.

No figures are available for the revisions in 2017, 2012, 2007, 2003, and 2002 for Kuberan Nagar 3rd Cross Street. Therefore, only the figures from 2023 and 2024 are relevant for understanding the recent changes in guideline value.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for this village is Rs 2,750 per sq.ft, placing Kuberan Nagar 3rd Cross Street above this median.

Stamp duty and registration fee for property in Kuberan Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kuberan Nagar 3rd Cross Street?

The Sub Registrar Office that covers Kuberan Nagar 3rd Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role when registering property transactions in Madipakkam-1. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay during the registration process.

When purchasing property, the guideline value ensures that the transaction is recorded accurately, reflecting the official value of the property as determined by the local authorities. This is essential for maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Kuberan Nagar 3rd Cross Street?

The current guideline value of Kuberan Nagar 3rd Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, which is a 10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values for other streets in Madipakkam-1?

Other streets in Madipakkam-1 have a guideline value of Rs 3,850 per sq.ft in 2024, similar to Kuberan Nagar 3rd Cross Street. The guideline values for these streets range from Rs 1,650 to Rs 5,500 per sq.ft.

What fees are associated with buying property in Kuberan Nagar 3rd Cross Street?

When buying property, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value. For a property valued at Rs 38,50,000, the total fees would amount to Rs 3,46,500.

Where can I find the Sub Registrar Office for Kuberan Nagar 3rd Cross Street?

The Velacheri Sub Registrar Office covers Kuberan Nagar 3rd Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find more details about your SRO online.