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Guideline Value

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Guideline Value for Kuberan Nagar Extension 10th Street/Sri Balaji Nagar

₹3850/sq.ft.

The guideline value for Kuberan Nagar Extension 10th Street/sri Balaji Nagar 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 Extension 10th Street/sri Balaji Nagar

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Kuberan Nagar Extension 10th Street/Sri Balaji Nagar guideline value

The current guideline value for Kuberan Nagar Extension 10th Street/Sri Balaji Nagar is Rs 3,850 per sq.ft, effective from 1 July 2024. This area falls under Madipakkam-1 village and is classified as Residential Class I Type - I. The relevant Sub Registrar Office for this location is the Velacheri SRO.

How the guideline value of Kuberan Nagar Extension 10th Street/Sri Balaji Nagar has changed

The guideline value for Kuberan Nagar Extension 10th Street/Sri Balaji Nagar has undergone several revisions over the years. The most recent revision took place in 2024, setting the value at Rs 3,850 per sq.ft, which reflects a 10% increase from the 2023 revision of Rs 3,500 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline values for the years available are as follows: Rs 3,500 per sq.ft in 2023 and Rs 3,850 per sq.ft in 2024. The increase from 2023 to 2024 indicates a shift in the valuation of properties in this area.

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 in this village is Rs 2,750 per sq.ft, positioning Kuberan Nagar Extension 10th Street/Sri Balaji Nagar above this median.

Stamp duty and registration fee for property in Kuberan Nagar Extension 10th Street/Sri Balaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total cost for these fees to 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kuberan Nagar Extension 10th Street/Sri Balaji Nagar?

The Kuberan Nagar Extension 10th Street/Sri Balaji Nagar falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property transactions in Madipakkam-1. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This value is essential for legal documentation and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value for Kuberan Nagar Extension 10th Street/Sri Balaji Nagar?

The current guideline value for Kuberan Nagar Extension 10th Street/Sri Balaji Nagar 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 changed from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property at the current guideline value, the total fees would amount to Rs 3,46,500.

Which Sub Registrar Office is responsible for this area?

The Velacheri Sub Registrar Office is responsible for Kuberan Nagar Extension 10th Street/Sri Balaji Nagar, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft. The guideline value for Kuberan Nagar Extension 10th Street/Sri Balaji Nagar is above this median.