Guideline Value for Sri Kuberan Nagar Phase I,II,III

Sri Kuberan Nagar Phase I,II,III guideline value

The current guideline value for Sri Kuberan Nagar Phase I, II, III is Rs 800 per sq.ft. This area is located in Ponmar village and falls under the Gooduvancheri Sub Registrar Office (SRO). The land classification for this locality is Residential Special Type - I.

How the guideline value of Sri Kuberan Nagar Phase I,II,III has changed

The guideline value for Sri Kuberan Nagar Phase I, II, III has seen several revisions over the years. The 2012 revision set the guideline value at Rs 800 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 536 per sq.ft, marking a decrease of 33%. However, the most recent revision in 2023 saw a significant increase to Rs 800 per sq.ft, reflecting a rise of 49% from the 2017 figure.

Overall, when comparing the 2012 and 2023 revisions, the guideline value has remained stable, showing no percentage change. 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 village figures provided for Ponmar. Sri Kuberan Nagar Phase I, II, III is situated within this area, and there are no other streets in Ponmar listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sri Kuberan Nagar Phase I,II,III

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty is charged at 7%, amounting to Rs 56,000, and the registration fee is charged at 2%, which totals Rs 16,000. Together, the total cost for stamp duty and registration fee would be Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Kuberan Nagar Phase I,II,III?

The Gooduvancheri Sub Registrar Office covers Sri Kuberan Nagar Phase I, II, III. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor during the registration of property transactions in Ponmar. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in this locality.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Sri Kuberan Nagar Phase I,II,III?

The current guideline value for Sri Kuberan Nagar Phase I, II, III is Rs 800 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, and then back to Rs 800 per sq.ft in 2023. Overall, from 2012 to 2023, there has been no change in the guideline value.

What are the stamp duty and registration fees for property in Sri Kuberan Nagar Phase I,II,III?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 8,00,000, the total stamp duty and registration fee would be Rs 72,000.

Which office handles registrations for Sri Kuberan Nagar Phase I,II,III?

The Gooduvancheri Sub Registrar Office handles registrations for Sri Kuberan Nagar Phase I, II, III, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202.

Are there any other streets in Ponmar with guideline values?

No other streets in Ponmar are listed under the Gooduvancheri SRO at this time.