Guideline Value for Kuberan Street, Srinivasa Nagar Main Road,

Kuberan Street, Srinivasa Nagar Main Road, guideline value

The current guideline value of Kuberan Street, Srinivasa Nagar Main Road, is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in the Madipakkam-1 village under the Velacheri SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Kuberan Street, Srinivasa Nagar Main Road, has changed

The guideline value for Kuberan Street has seen significant changes over the years. The 2017 revision set the value at Rs 2,345 per sq.ft. With the latest 2024 revision, the value has increased to Rs 3,850 per sq.ft, marking a substantial rise of 64% over this period.

There are no figures available in the register for the years 2023, 2012, 2007, 2003, and 2002 for Kuberan Street. This means that the only revisions available for this street are from 2017 and 2024.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that have a 2024 guideline value 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, placing Kuberan Street's 2024 value above this median.

• Kuberan Nagar South 4th Street: Rs 3,850 per sq.ft (2024)
• Kuberan Nagar South 3rd Street: Rs 3,850 per sq.ft (2024)
• Kuberan Nagar South 2nd Street: Rs 3,850 per sq.ft (2024)
• Kuberan Nagar South 1st Street: Rs 3,850 per sq.ft (2024)
• Kuberan Nagar New colony 7th Street: Rs 3,850 per sq.ft (2024)
• Kuberan Nagar New Colony: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Kuberan Street, Srinivasa Nagar Main Road,

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, while the registration fee at 2% would be Rs 77,000. Together, the total cost for these fees would be Rs 3,46,500. Please note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kuberan Street, Srinivasa Nagar Main Road,?

The Sub Registrar Office that covers Kuberan Street is 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 details.

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

The guideline value plays a crucial role during the registration process of property transactions in Madipakkam-1. It is used to determine the stamp duty and registration fees applicable when a buyer purchases a property.

When selling a property, the guideline value ensures that the transaction is recorded accurately in the official register. This helps in maintaining transparency and legality in property dealings within the area.

Frequently asked questions

What is the current guideline value of Kuberan Street?

The current guideline value of Kuberan Street, Srinivasa Nagar Main Road, 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%.

Are there any years without guideline values for Kuberan Street?

Yes, the register has no figures for Kuberan Street for the years 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft, which is below the current guideline value of Kuberan Street.

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.