Guideline Value for GKS ENCLAVE

Gks Enclave guideline value

The current guideline value of Gks Enclave, located in Kavanur village under the Gooduvancheri SRO, is Rs 2,239 per sq.ft. This value is based on the 2024 revision, which is effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Gks Enclave has changed

The guideline value for Gks Enclave has seen several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 1,500 per sq.ft. This figure remained unchanged until the 2023 revision, which also listed the value at Rs 2,239 per sq.ft. The most recent revision in 2024 maintained the same value of Rs 2,239 per sq.ft, indicating no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO, with a 2024 guideline value ranging from Rs 500 to Rs 2,239 per sq.ft. The median value for these streets is Rs 800 per sq.ft, placing Gks Enclave's 2024 figure above this median.

• G K S Diamond Green: Rs 2,239 per sq.ft (2024)
• Gangai Amman Nagar: Rs 700 per sq.ft (2024)
• Gopalsamy Nagar: Rs 800 per sq.ft (2024)
• G.P Avenue: Rs 800 per sq.ft (2024)
• Green Garden: Rs 800 per sq.ft (2024)
• Green Garden-I,II,III,IV: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Gks Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 2,239 per sq.ft, the total guideline value would be Rs 22,39,000. The stamp duty at 7% would be Rs 1,56,730, and the registration fee at 2% would be Rs 44,780, bringing the total cost for these fees to Rs 2,01,510. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gks Enclave?

The Gks Enclave area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential component in the registration process of property transactions in Kavanur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the legal valuation of the property. It is crucial to consider the guideline value during negotiations to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Gks Enclave?

The current guideline value of Gks Enclave is Rs 2,239 per sq.ft as per the 2024 revision effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 49%, from Rs 1,500 per sq.ft to Rs 2,239 per sq.ft in 2024.

What is the median guideline value for streets in Kavanur?

The median guideline value for the 109 streets in Kavanur is Rs 800 per sq.ft, with Gks Enclave's value being above this median.

Which Sub Registrar Office covers Gks Enclave?

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

How is stamp duty calculated for properties in Gks Enclave?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,39,000, the stamp duty would be Rs 1,56,730.