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Guideline Value

Corporate

Guideline Value for Kuberan Nagar Extension 11th Street/Balaji Nagar /Gogulam Street

₹3850/sq.ft.

The guideline value for Kuberan Nagar Extension 11th Street/balaji Nagar /gogulam 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 Extension 11th Street/balaji Nagar /gogulam Street

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Kuberan Nagar Extension 11th Street/Balaji Nagar /Gogulam Street guideline value

The current guideline value for Kuberan Nagar Extension 11th Street/Balaji Nagar /Gogulam 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, and is classified as Residential Class I Type - I.

How the guideline value of Kuberan Nagar Extension 11th Street/Balaji Nagar /Gogulam Street has changed

The guideline value for this street has seen changes over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 3,500 per sq.ft, which increased by 10% to Rs 3,850 per sq.ft in the 2024 revision.

This increase reflects the adjustments made in the guideline value register. The 2024 figure of Rs 3,850 per sq.ft is the most current and represents a significant change from the previous year.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO with a 2024 guideline value range from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, placing Kuberan Nagar Extension 11th Street/Balaji Nagar /Gogulam Street above this median.

Stamp duty and registration fee for property in Kuberan Nagar Extension 11th Street/Balaji Nagar /Gogulam Street

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, totaling Rs 3,46,500. 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 Extension 11th Street/Balaji Nagar /Gogulam Street?

The Kuberan Nagar Extension 11th Street/Balaji Nagar /Gogulam Street is covered by 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madipakkam-1. It serves as a benchmark for calculating the stamp duty and registration fees that are applicable during the transaction.

Frequently asked questions

What is the current guideline value for Kuberan Nagar Extension 11th Street?

The current guideline value for Kuberan Nagar Extension 11th Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2023 to 2024?

The guideline value increased by 10% from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024.

What is the land classification for this street?

Kuberan Nagar Extension 11th Street/Balaji Nagar /Gogulam Street is classified as Residential Class I Type - I.

Where can I find the registration office for this area?

The registration office for Kuberan Nagar Extension 11th Street/Balaji Nagar /Gogulam Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential to note that the higher of the guideline value or the sale price will be used for calculating these fees.