Guideline Value for Sri Lakshmi Gubera Nagar

Sri Lakshmi Gubera Nagar guideline value

The current guideline value of Sri Lakshmi Gubera Nagar is Rs 700 per sq.ft. This area is located in Rathinamangalam village, under the Gooduvancheri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Lakshmi Gubera Nagar has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the guideline value was Rs 150 per sq.ft, which increased dramatically to Rs 700 per sq.ft in the 2012 revision, marking a rise of 367%. However, this figure remained unchanged in the 2012 revision until it dropped to Rs 469 per sq.ft in 2017, reflecting a decrease of 33%. The latest revision in 2023 brought the guideline value back up to Rs 700 per sq.ft, showing an increase of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 367%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Rathinamangalam

Currently, there are no specific village figures available for Rathinamangalam. Sri Lakshmi Gubera Nagar is the only street mentioned, and there are no other streets in Rathinamangalam under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sri Lakshmi Gubera Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. 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 information.

Which Sub Registrar Office covers Sri Lakshmi Gubera Nagar?

The Sub Registrar Office that covers Sri Lakshmi Gubera Nagar is 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 details.

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

The guideline value is a critical factor in the registration process of property transactions in Rathinamangalam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to understand that the duty is charged on the higher of the guideline value or the sale price, which can significantly impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Sri Lakshmi Gubera Nagar?

The current guideline value of Sri Lakshmi Gubera Nagar is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017, and is currently Rs 700 per sq.ft in 2023.

What is the land classification for Sri Lakshmi Gubera Nagar?

Sri Lakshmi Gubera Nagar is classified as Residential Class II Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 700 per sq.ft would incur a total of Rs 63,000 in fees.

Where is the Sub Registrar Office located for Sri Lakshmi Gubera Nagar?

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