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 Sattamangalam 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

The guideline value for Gopola Krishnan Nagar (Kr) has undergone several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017, representing a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 600 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 660 per sq.ft, marking a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for Gopola Krishnan Nagar (Kr). Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 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 660 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 1,320 per sq.ft (2024)
• Gunaveerar Street (Ward -6): 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 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, while 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, 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 Sattamangalam

The guideline value plays a crucial role in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer is required to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government collects the appropriate revenue from property transactions in the area.

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 to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

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

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

How is stamp duty calculated in Gopola Krishnan Nagar (Kr)?

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 6,60,000, the stamp duty would be Rs 46,200.

Which office handles property registration in Gopola Krishnan Nagar (Kr)?

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