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Guideline Value

Corporate

Guideline Value for Kuberan Nagar 8th Street/Narayanapuram

₹3850/sq.ft.

The guideline value for Kuberan Nagar 8th Street/narayanapuram 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 8th Street/narayanapuram

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Kuberan Nagar 8th Street/Narayanapuram guideline value

The current guideline value for Kuberan Nagar 8th Street/Narayanapuram 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 Velacheri SRO oversees this region.

How the guideline value of Kuberan Nagar 8th Street/Narayanapuram has changed

The guideline value for Kuberan Nagar 8th Street/Narayanapuram has undergone several revisions over the years. The register does not contain 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, which increased to Rs 3,850 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, there are no available figures for this street in the register. The current guideline value of Rs 3,850 per sq.ft reflects the latest update and is indicative of the area's residential classification.

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 8th Street/Narayanapuram above this median.

Stamp duty and registration fee for property in Kuberan Nagar 8th Street/Narayanapuram

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, bringing the total 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.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property.

Which Sub Registrar Office covers Kuberan Nagar 8th Street/Narayanapuram?

The Kuberan Nagar 8th Street/Narayanapuram area falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Madipakkam-1. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that all transactions are in compliance with the local regulations.

When a property is sold, the guideline value is used to calculate the applicable fees, which may influence the final sale price. Buyers and sellers should be aware of the guideline value to ensure a smooth registration process.

Frequently asked questions

What is the current guideline value of Kuberan Nagar 8th Street/Narayanapuram?

The current guideline value for Kuberan Nagar 8th Street/Narayanapuram 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, which is a +10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Kuberan Nagar 8th Street/Narayanapuram?

Kuberan Nagar 8th Street/Narayanapuram is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500, and the registration fee would be Rs 77,000, totaling Rs 3,46,500. These fees are based on the guideline value.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This office handles registrations for Kuberan Nagar 8th Street/Narayanapuram.