Guideline Value for GOPOLA KRISHNAN NAGAR (KR)

Gopola Krishnan Nagar (Kr) guideline value

The current guideline value of Gopola Krishnan Nagar (Kr) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Gopola Krishnan Nagar (Kr) has changed

The guideline value for Gopola Krishnan Nagar (Kr) has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 600 per sq.ft in the 2023 revision, followed by a further increase to Rs 660 per sq.ft in the 2024 revision, reflecting a 10% rise.

From 2017 to 2023, there was a notable increase of 49%. Overall, the guideline value has increased by 10% from the 2012 revision to the current 2024 figure. It's important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft as of 2024. The median guideline value in this area is Rs 1,100 per sq.ft, placing Gopola Krishnan Nagar (Kr) below this median.

• Gopolapuram (Sa): Rs 440 per sq.ft (2024)
• Gowsalya Nagar: Rs 1,980 per sq.ft (2024)
• Gokul Nagar (Kr): Rs 1,100 per sq.ft (2024)
• Gnanambigai Street (Ward -17): Rs 660 per sq.ft (2024)
• Gsn Nagar Phase - I: Rs 660 per sq.ft (2024)
• G.S.T. Road (Ward -18): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Gopola Krishnan Nagar (Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, resulting in a total cost of Rs 59,400. It's important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Gopola Krishnan Nagar (Kr)?

The Sub Registrar Office that covers Gopola Krishnan Nagar (Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government collects appropriate fees based on the value of the property, providing a fair assessment during the transaction process.

Frequently asked questions

What is the current guideline value of Gopola Krishnan Nagar (Kr)?

The current guideline value of Gopola Krishnan Nagar (Kr) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Gopola Krishnan Nagar (Kr)?

Gopola Krishnan Nagar (Kr) is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Gopola Krishnan Nagar (Kr)?

The Sub Registrar Office for Gopola Krishnan Nagar (Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Kattankollatur?

Stamp duty for properties in Kattankollatur is calculated based on the guideline value or the sale price, whichever is higher. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value.