Guideline Value for kuberan nagar

Kuberan Nagar guideline value

The current guideline value of Kuberan Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Athur B Block village under the Chengleput Joint II SRO, with a land classification of Residential Special Type - II.

How the guideline value of Kuberan Nagar has changed

The guideline value for Kuberan Nagar has remained consistent at Rs 500 per sq.ft for both the 2023 and 2024 revisions. Prior to this, the 2017 revision set the guideline value at Rs 335 per sq.ft, marking a 49% increase from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street. The absence of figures indicates that the guideline value has been updated only in the years mentioned above.

Guideline values in Athur B Block

Athur B Block has 79 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 268 to Rs 1,525 per sq.ft, with a median value of Rs 700 per sq.ft. Kuberan Nagar's 2024 guideline value is below this median.

• Krishna Nagar Extn - I: Rs 700 per sq.ft (2024)
• Krishna Garden: Rs 700 per sq.ft (2024)
• Mahalakshmi nagar: Rs 1,100 per sq.ft (2024)
• Kanchipuram High Road: Rs 1,100 per sq.ft (2024)
• Kamaraj Nagar: Rs 500 per sq.ft (2024)
• M.N. Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Kuberan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. 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 Kuberan Nagar?

Kuberan Nagar falls under the Chengleput Joint II Sub Registrar Office located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is a crucial factor during property transactions in Athur B Block, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate applicable fees such as stamp duty and registration fees. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Kuberan Nagar?

The current guideline value of Kuberan Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft for both the 2023 and 2024 revisions. It increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, representing a 49% increase.

What are the guideline values of other streets in Athur B Block?

Other streets in Athur B Block have varying guideline values, ranging from Rs 268 to Rs 1,525 per sq.ft in 2024. The median value for these streets is Rs 700 per sq.ft, while Kuberan Nagar's value is below this median.

What fees are associated with property transactions in Kuberan Nagar?

When buying property in Kuberan Nagar, stamp duty is charged at 7% of the guideline value, and a registration fee of 2% is applied. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Kuberan Nagar?

The Sub Registrar Office covering Kuberan Nagar is the Chengleput Joint II SRO, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the provided link.