Guideline Value for SRI KUBERAN AVENUE

Sri Kuberan Avenue guideline value

The current guideline value of Sri Kuberan Avenue is Rs 1,000 per sq.ft. This street is located in Ponmar village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Sri Kuberan Avenue has changed

The guideline value for Sri Kuberan Avenue has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft, marking a drop of 33%. However, in the 2023 revision, the guideline value increased to Rs 1,000 per sq.ft, reflecting a significant rise of 49% from the previous revision.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 1,000 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Ponmar

Currently, there are no specific guideline value figures available for other streets in Ponmar. Sri Kuberan Avenue is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sri Kuberan Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty, charged at 7%, would amount to Rs 70,000, while the registration fee at 2% would be Rs 20,000. Together, the total cost would be Rs 90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Kuberan Avenue?

The Gooduvancheri Sub Registrar Office covers Sri Kuberan Avenue. 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 Ponmar

The guideline value plays a crucial role in the registration process when buying or selling property in Ponmar. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property transaction occurs, the guideline value is compared to the sale price. The higher of the two amounts will be used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Kuberan Avenue?

The current guideline value of Sri Kuberan Avenue is Rs 1,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, and then back to Rs 1,000 per sq.ft in 2023. Overall, there has been no change from 2012 to 2023.

What is the stamp duty rate for properties in Sri Kuberan Avenue?

The stamp duty rate for properties in Sri Kuberan Avenue is 7% of the guideline value or the sale price, whichever is higher.

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.

Are there other streets in Ponmar with guideline values?

Currently, there are no specific guideline value figures available for other streets in Ponmar. Sri Kuberan Avenue is the only street mentioned under the Gooduvancheri SRO.