Guideline Value

Corporate

Guideline Value for Kuberan Nagar 6th Street

₹3850/sq.ft.

The guideline value for Kuberan Nagar 6th 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 6th Street

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Kuberan Nagar 6th Street guideline value

The current guideline value of Kuberan Nagar 6th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the jurisdiction of the Velacheri SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kuberan Nagar 6th Street has changed

The guideline value for Kuberan Nagar 6th Street has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 3,500 per sq.ft. This increased to Rs 3,850 per sq.ft in the 2024 revision, marking a change of +10% from the previous year.

As of the 2024 revision, the current guideline value stands at Rs 3,850 per sq.ft. This indicates a significant increase from the 2023 figure, reflecting the ongoing adjustments in property values in the 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 area is Rs 2,750 per sq.ft, positioning Kuberan Nagar 6th Street's 2024 figure above this median.

Stamp duty and registration fee for property in Kuberan Nagar 6th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, while the registration fee at 2% would be Rs 77,000. Together, these fees total Rs 3,46,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kuberan Nagar 6th Street?

The Kuberan Nagar 6th Street 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 further assistance.

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

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

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is in line with the official valuation set by the authorities. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Kuberan Nagar 6th Street?

The current guideline value of Kuberan Nagar 6th 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 for Kuberan Nagar 6th Street has increased from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, reflecting a change of +10%.

What are the other streets in Madipakkam-1 with the same guideline value?

Other streets in Madipakkam-1, such as Kuberan Nagar 5th Street, 7th Street, 4th Street, 8th Street, 4th Cross Street, and 8th Street/Narayanapuram, all share the same guideline value of Rs 3,850 per sq.ft for 2024.

What is the registration office for Kuberan Nagar 6th Street?

The Velacheri Sub Registrar Office covers Kuberan Nagar 6th Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in Kuberan Nagar 6th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 38,50,000, the stamp duty at 7% would amount to Rs 2,69,500.