Guideline Value for SRI Kuberan Nagar Phase I & II

SRI Kuberan Nagar Phase I & II guideline value

The current guideline value of SRI Kuberan Nagar Phase I & II is Rs 1,000 per sq.ft. This area is located in Vengadamangalam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - III.

How the guideline value of SRI Kuberan Nagar Phase I & II has changed

The guideline value for SRI Kuberan Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,000 per sq.ft. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft. The most recent revision in 2023 saw the guideline value return to Rs 1,000 per sq.ft, marking a significant increase of 49% from the 2017 figure.

When looking at the overall changes from 2012 to 2023, the guideline value remains unchanged at Rs 1,000 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no village figures provided for Vengadamangalam. SRI Kuberan Nagar Phase I & II is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in SRI Kuberan Nagar Phase I & II

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

Which Sub Registrar Office covers SRI Kuberan Nagar Phase I & II?

The SRI Kuberan Nagar Phase I & II is covered by the Gooduvancheri Sub Registrar Office, 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 Vengadamangalam

The guideline value is a crucial factor when registering property transactions in Vengadamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When a buyer or seller engages in a property deal, the guideline value is assessed to ensure that the appropriate fees are calculated accurately. This ensures compliance with local regulations and helps in the smooth processing of property transactions.

Frequently asked questions

What is the current guideline value of SRI Kuberan Nagar Phase I & II?

The current guideline value of SRI Kuberan Nagar Phase I & II 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. This reflects a 49% increase from the 2017 revision.

What is the registration office for SRI Kuberan Nagar Phase I & II?

The registration office for SRI Kuberan Nagar Phase I & II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

What fees are associated with buying property in SRI Kuberan Nagar Phase I & II?

When buying property in SRI Kuberan Nagar Phase I & II, the stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

Are there other streets in Vengadamangalam with guideline values?

Currently, there are no other streets in Vengadamangalam listed under the Gooduvancheri SRO, making SRI Kuberan Nagar Phase I & II the only street with a specified guideline value.