Guideline Value for SRI GUBERAN NAGAR

Sri Guberan Nagar guideline value

The current guideline value of Sri Guberan Nagar in Nadukuthagai village is Rs 660 per sq.ft, effective from 1 July 2024. This area falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Sri Guberan Nagar has changed

In the 2023 revision, the guideline value for Sri Guberan Nagar was Rs 603 per sq.ft. The recent 2024 revision has increased this figure to Rs 660 per sq.ft, reflecting a change of +9%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only available revisions for Sri Guberan Nagar are from 2023 and 2024. The increase from Rs 603 to Rs 660 indicates a change in the valuation for property in this locality.

Guideline values in Nadukuthagai

Nadukuthagai village has 35 streets under the Avadi SRO, with guideline values ranging from Rs 330 to Rs 1,980 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, placing Sri Guberan Nagar's 2024 figure below this median.

• Sri Mahalakshmi Nagar: Rs 880 per sq.ft (2024)
• Sri Ragavendra Nagar: Rs 440 per sq.ft (2024)
• Sun City: Rs 1,100 per sq.ft (2024)
• Santhi Nagar: Rs 440 per sq.ft (2024)
• Thirumalai Nagar / Sri Thirumalai Nagar: Rs 440 per sq.ft (2024)
• Prakash Nagar West: Rs 1,590 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Guberan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Guberan Nagar?

Sri Guberan Nagar is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Nadukuthagai. It serves as the basis for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official valuation of the property.

When purchasing property, the guideline value helps determine the financial obligations related to the transaction. It is essential for buyers to be informed about the current guideline value to accurately assess their costs during the registration process.

Frequently asked questions

What is the current guideline value of Sri Guberan Nagar?

The current guideline value of Sri Guberan Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

The guideline value increased from Rs 603 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, which is a change of +9%.

What is the land classification for Sri Guberan Nagar?

Sri Guberan Nagar is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for a property in Sri Guberan Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which Sub Registrar Office covers Sri Guberan Nagar?

The Avadi Sub Registrar Office covers Sri Guberan Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.