Guideline Value for GOPOLA KRISHNAN NAGAR (KR)

Gopola Krishnan Nagar (Kr) guideline value

The current guideline value of Gopola Krishnan Nagar (Kr) is Rs 661 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

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

Over the years, the guideline value of Gopola Krishnan Nagar (Kr) has seen several revisions. 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 to Rs 600 per sq.ft in the 2023 revision, followed by a rise to Rs 661 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Gopola Krishnan Nagar (Kr) below that median.

• Gopolapuram (Sa): Rs 550 per sq.ft (2024)
• Gokul Nagar (Kr): Rs 1,100 per sq.ft (2024)
• Gnanambigai Street (Ward -17): Rs 661 per sq.ft (2024)
• Green Valley Nagar: Rs 990 per sq.ft (2024)
• G.S.T. Road (Ward -18): Rs 2,200 per sq.ft (2024)
• Gulasekaraalwar Street (Ward -5): Rs 1,320 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 rate of Rs 661 per sq.ft, the guideline value amounts to Rs 6,61,000. The stamp duty at 7% would be Rs 46,270, and the registration fee at 2% would be Rs 13,220, totaling Rs 59,490. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

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, 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 Peramanoor

The guideline value is a crucial factor in the registration process when buying or selling property in Peramanoor. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is registered, the guideline value is used to determine the applicable fees. Buyers should be aware that the fees are charged on either the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

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 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years for Gopola Krishnan Nagar (Kr)?

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 661 per sq.ft in 2024.

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

The land classification for Gopola Krishnan Nagar (Kr) is Residential Class I Type - III.

Where can I find the registration office for Gopola Krishnan Nagar (Kr)?

The registration 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 in Gopola Krishnan Nagar (Kr)?

Stamp duty in Gopola Krishnan Nagar (Kr) is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,61,000, the stamp duty would be Rs 46,270 at a rate of 7%.