Guideline Value for GOPALSAMY NAGAR

Gopalsamy Nagar guideline value

The current guideline value of Gopalsamy Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Kavanur village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Gopalsamy Nagar has changed

The guideline value for Gopalsamy Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 800 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 536 per sq.ft. There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street.

From 2017 to 2023, the guideline value increased by 49%, and there has been no change from 2023 to 2024. Overall, from 2017 to 2024, the increase remains at 49%.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO that carry 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, which is equal to the guideline value of Gopalsamy Nagar.

• 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)
• Gks Enclave: Rs 2,239 per sq.ft (2024)
• G K S Diamond Green: Rs 2,239 per sq.ft (2024)
• Gunguni Amman Kovil Theru: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Gopalsamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total cost for these fees to Rs 72,000. It is important to note that 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 precise calculations based on your property details.

Which Sub Registrar Office covers Gopalsamy Nagar?

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

To find more details, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kavanur. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gopalsamy Nagar?

The current guideline value of Gopalsamy Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 536 per sq.ft in 2017 to 2023.

What are the other streets in Kavanur with similar guideline values?

Other streets in Kavanur with a guideline value of Rs 800 per sq.ft include G.P Avenue, Green Garden, and Green Garden-I,II,III,IV.

What fees are associated with property transactions in Gopalsamy Nagar?

For property transactions in Gopalsamy Nagar, the stamp duty is 7% of the guideline value, and the registration fee is 2% of the guideline value. 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 Gopalsamy Nagar?

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