Guideline Value for Sri Sayi Guberan Nagar

Sri Sayi Guberan Nagar guideline value

The current guideline value of Sri Sayi Guberan Nagar is Rs 800 per sq.ft, as per the 2023 revision. This area falls under Rathinamangalam village and is registered with the Gooduvancheri SRO. The land classification for this locality is Residential Class I Type - I.

How the guideline value of Sri Sayi Guberan Nagar has changed

The guideline value for Sri Sayi Guberan Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 350 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision. However, by the 2017 revision, the value dropped to Rs 536 per sq.ft, before rising again to Rs 800 per sq.ft in the 2023 revision. Notably, there are no figures available for the years 2002, 2003, and 2024 for this street.

From 2007 to 2012, the guideline value increased by 129%, while it decreased by 33% from 2012 to 2017. The most recent change from 2017 to 2023 reflects an increase of 49%. Overall, the guideline value has increased by 129% from 2007 to 2023.

Guideline values in Rathinamangalam

Currently, there are no specific village figures available for Rathinamangalam. Sri Sayi Guberan Nagar is the only street mentioned in the context of guideline values. Other streets in Rathinamangalam include:

Stamp duty and registration fee for property in Sri Sayi Guberan Nagar

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 at 7% would amount to Rs 56,000, while the registration fee at 2% would be Rs 16,000. Together, the total cost for stamp duty and registration would be Rs 72,000. It is important to note that 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 details.

Which Sub Registrar Office covers Sri Sayi Guberan Nagar?

The Sub Registrar Office that covers Sri Sayi Guberan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Rathinamangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Sri Sayi Guberan Nagar?

The current guideline value of Sri Sayi Guberan Nagar 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 350 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and finally returned to Rs 800 per sq.ft in 2023.

What is the stamp duty for property in Sri Sayi Guberan Nagar?

The stamp duty for property in Sri Sayi Guberan Nagar is 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 8,00,000, the stamp duty would be Rs 56,000.

Where is the Gooduvancheri Sub Registrar Office located?

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

What land classification does Sri Sayi Guberan Nagar fall under?

Sri Sayi Guberan Nagar falls under the land classification of Residential Class I Type - I.