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Guideline Value

Corporate

Guideline Value for New Kuberan Nagar 2nd Street

₹2200/sq.ft.

The guideline value for New Kuberan Nagar 2nd Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /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 New Kuberan Nagar 2nd Street

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New Kuberan Nagar 2nd Street guideline value

The current guideline value of New Kuberan Nagar 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of New Kuberan Nagar 2nd Street has changed

In the 2023 revision, the guideline value was Rs 2,000 per sq.ft. The recent 2024 revision has increased this value to Rs 2,200 per sq.ft, marking a change of +10% from the previous year. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Prior to the 2023 revision, there were no recorded figures for New Kuberan Nagar 2nd Street in the guideline value register. The first available figure is from the 2023 revision, which set the value at Rs 2,000 per sq.ft, followed by the 2024 revision that established the current rate.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 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, making the current figure for New Kuberan Nagar 2nd Street below the median.

Stamp duty and registration fee for property in New Kuberan Nagar 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers New Kuberan Nagar 2nd Street?

The New Kuberan Nagar 2nd 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 in the registration process of property transactions in Madipakkam-1. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to determine the financial obligations associated with the transaction. Buyers should be aware that the stamp duty and registration fees will be based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of New Kuberan Nagar 2nd Street?

The current guideline value of New Kuberan Nagar 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for New Kuberan Nagar 2nd Street was Rs 2,000 per sq.ft in 2023 and has increased to Rs 2,200 per sq.ft in 2024, representing a +10% change. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Madipakkam-1?

Other streets in Madipakkam-1 have guideline values ranging from Rs 2,200 per sq.ft. This includes streets such as New Kuberan Nagar 2nd Cross Street, 3rd Street, 1st Street, 4th Street, 1st Main Road, and 5th Cross Street, all valued at Rs 2,200 per sq.ft in 2024.

What fees are associated with buying property in New Kuberan Nagar 2nd Street?

When purchasing property, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total fees of Rs 1,98,000 based on the current guideline value.

Where can I find the Sub Registrar Office for New Kuberan Nagar 2nd Street?

The Sub Registrar Office covering New Kuberan Nagar 2nd Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find more information on how to locate your SRO online.