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Guideline Value

Corporate

Guideline Value for Kuberan Nagar New colony 7th Street

₹3850/sq.ft.

The guideline value for Kuberan Nagar New Colony 7th Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
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 New Colony 7th Street

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Kuberan Nagar New colony 7th Street guideline value

The current guideline value for Kuberan Nagar New colony 7th 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, classified as Residential Class I Type - I.

How the guideline value of Kuberan Nagar New colony 7th Street has changed

In the 2017 revision, the guideline value was set at Rs 2,345 per sq.ft. With the latest revision in 2024, the guideline value increased to Rs 3,850 per sq.ft, marking a significant change of +64% over the seven-year period.

The guideline value register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only revisions available for Kuberan Nagar New colony 7th Street are from 2017 and 2024.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO with a 2024 guideline value 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, placing Kuberan Nagar New colony 7th Street above this median.

Stamp duty and registration fee for property in Kuberan Nagar New colony 7th 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, making the total fees Rs 3,46,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kuberan Nagar New colony 7th Street?

The Kuberan Nagar New colony 7th 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 more information.

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

The guideline value plays a crucial role during the registration of property transactions in Madipakkam-1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a legally recognized price.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are mandatory for completing the registration process. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value for Kuberan Nagar New colony 7th Street?

The current guideline value for Kuberan Nagar New colony 7th Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 2,345 per sq.ft to Rs 3,850 per sq.ft, representing a change of +64% over the seven years.

Are there any revisions with no figures for Kuberan Nagar New colony 7th Street?

Yes, the guideline value register has no figures for Kuberan Nagar New colony 7th Street for the years 2023, 2012, 2007, 2003, and 2002.

What is the stamp duty rate for properties in Kuberan Nagar New colony 7th Street?

The stamp duty rate for properties in Kuberan Nagar New colony 7th Street is 7%, calculated on the higher of the guideline value or the sale price.

Which office is responsible for the registration of properties in this area?

The Velacheri Sub Registrar Office is responsible for the registration of properties in Kuberan Nagar New colony 7th Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.