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 Ninna Karai 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 seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 600 per sq.ft. This figure remained the same until the 2017 revision, which saw a decrease to Rs 402 per sq.ft, marking a decline of 33%. In 2023, the value rose significantly to Rs 600 per sq.ft, and the latest revision in 2024 increased it further to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Gopola Krishnan Nagar (Kr) below this median.

• Gopolapuram (Sa): Rs 440 per sq.ft (2024)
• Gokul Nagar (Kr): Rs 1,100 per sq.ft (2024)
• Gnanambigai Street (Ward -17): Rs 660 per sq.ft (2024)
• G.S.T. Road (Ward -18): Rs 2,200 per sq.ft (2024)
• Gulasekaraalwar Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Gunaveerar Street (Ward -6): Rs 1,321 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 would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total charges to Rs 59,400. It is important to note that the 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 more details.

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, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ninna Karai. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

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

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 660 per sq.ft in 2024, showing an overall increase of 10% over the years.

What are the stamp duty and registration fees for properties in Gopola Krishnan Nagar (Kr)?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400.

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

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

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

Gopola Krishnan Nagar (Kr) is classified as Residential Class I Type - III, indicating its designation for residential purposes.