Guideline Value for SRI GUBERAN NAGAR

Sri Guberan Nagar guideline value

The current guideline value of Sri Guberan Nagar is Rs 1,500 per sq.ft. This area is located in Mambakkam village and falls under the Gooduvancheri SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of Sri Guberan Nagar has changed

In the 2017 revision, the guideline value was set at Rs 1,005 per sq.ft. This was a significant increase from the previous revisions, which have no figures available for the years 2002, 2003, 2007, and 2012. The 2023 revision marked a further increase to Rs 1,500 per sq.ft, reflecting a change of +49% from the 2017 figure.

Thus, the guideline value has evolved from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2024 for this street.

Guideline values in Mambakkam

No village figures are available for Mambakkam, and Sri Guberan Nagar is the only street mentioned. The following are the other streets in Mambakkam:

Stamp duty and registration fee for property in Sri Guberan Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. 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 Sri Guberan Nagar?

The Gooduvancheri Sub Registrar Office covers Sri Guberan Nagar. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Mambakkam. It determines the minimum value at which a property can be sold and is used to calculate the stamp duty and registration fees applicable during the transaction.

When buying or selling property, the guideline value ensures that both parties are aware of the official valuation of the property. This helps in maintaining transparency and legality in real estate transactions.

Frequently asked questions

What is the current guideline value of Sri Guberan Nagar?

The current guideline value of Sri Guberan Nagar is Rs 1,500 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,500 per sq.ft, which is a change of +49%.

Are there any figures available for the years 2002 and 2003?

The register does not provide any figures for Sri Guberan Nagar for the years 2002 and 2003.

How is stamp duty calculated for properties in Sri Guberan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,05,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.