Guideline Value for SREE KUBERAN NAGAR

Sree Kuberan Nagar guideline value

The current guideline value of Sree Kuberan Nagar is Rs 2,345 per sq.ft, effective from 1 July 2024. This area is located in Nandhivaram village, under the jurisdiction of the Gooduvancheri SRO. The land classification for this street is Commercial Class I Type - II.

How the guideline value of Sree Kuberan Nagar has changed

Since the 2017 revision, the guideline value for Sree Kuberan Nagar has remained unchanged at Rs 2,345 per sq.ft. The revisions prior to 2017, specifically in 2002, 2003, 2007, and 2012, have no figures recorded for this street. The 2023 revision also maintained the same guideline value of Rs 2,345 per sq.ft.

From 2023 to 2024, there has been no change in the guideline value, remaining at Rs 2,345 per sq.ft. Overall, from the 2017 revision to the 2024 revision, the guideline value has seen no increase, maintaining a consistent figure of Rs 2,345 per sq.ft.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,500 per sq.ft, placing Sree Kuberan Nagar above the median with its current figure of Rs 2,345 per sq.ft.

• S.R Avenue (S.No.562/22A): Rs 1,000 per sq.ft (2024)
• Sowbakkya Nagar: Rs 1,000 per sq.ft (2024)
• Sri Dhulasi Nagar: Rs 1,500 per sq.ft (2024)
• Sivamurugan Nagar: Rs 1,000 per sq.ft (2024)
• Siva Avenue: Rs 1,000 per sq.ft (2024)
• Shri Mahalakshmi Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Kuberan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,345 per sq.ft, the total guideline value amounts to Rs 23,45,000. The stamp duty at 7% would be Rs 1,64,150, and the registration fee at 2% would be Rs 46,900, leading to a total of Rs 2,11,050. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sree Kuberan Nagar?

The Sree Kuberan Nagar area falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit this link: find your SRO.

How the guideline value is used when you buy or sell in Nandhivaram

The guideline value is an essential factor in property transactions within Nandhivaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is crucial during the registration process, as it affects the overall costs associated with the transaction.

Frequently asked questions

What is the current guideline value of Sree Kuberan Nagar?

The current guideline value of Sree Kuberan Nagar is Rs 2,345 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 2,345 per sq.ft since the 2017 revision. There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

What is the land classification for Sree Kuberan Nagar?

The land classification for Sree Kuberan Nagar is Commercial Class I Type - II.

What are the stamp duty and registration fees for property in Sree Kuberan Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 23,45,000. The stamp duty is Rs 1,64,150, and the registration fee is Rs 46,900, totaling Rs 2,11,050.

Which office handles registrations for Sree Kuberan Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Sree Kuberan Nagar, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.