Guideline Value for GOPULA KRISHNA NAGAR (TAI)

Gopula Krishna Nagar (Tai) guideline value

The current guideline value of Gopula Krishna Nagar (Tai) is Rs 881 per sq.ft, effective from 1 July 2024. This area is located in Thailavaram village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Gopula Krishna Nagar (Tai) has changed

The guideline value for Gopula Krishna Nagar (Tai) has seen several revisions over the years. In 2012, the guideline value was Rs 800 per sq.ft, which decreased to Rs 536 per sq.ft in 2017. This was a decline of 33%. Following that, the value increased significantly to Rs 800 per sq.ft in 2023, showing a rise of 49%. The most recent revision in 2024 set the value at Rs 881 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Gopula Krishna Nagar (Tai) above this median.

• Gokulam Colony (Ward-20): Rs 881 per sq.ft (2024)
• G.S.T. Road Chamundeeswari (Ward-21): Rs 2,200 per sq.ft (2024)
• Gst Road Potheri (Ward-20): Rs 2,200 per sq.ft (2024)
• G.S.T Road Thailavaram (Ward-21): Rs 2,200 per sq.ft (2024)
• G.S.T.Road (Ward -1): Rs 2,200 per sq.ft (2024)
• Gurusamy Street (Ward-21): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Gopula Krishna Nagar (Tai)

For a 1,000 sq.ft plot at the current guideline value of Rs 881 per sq.ft, the total guideline value amounts to Rs 8,81,000. The stamp duty at 7% would be Rs 61,670, and the registration fee at 2% would be Rs 17,620, bringing the total to Rs 79,290. It is 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 more details.

Which Sub Registrar Office covers Gopula Krishna Nagar (Tai)?

The Gopula Krishna Nagar (Tai) area is covered by 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 Thailavaram

The guideline value is a crucial factor during the registration of property transactions in Thailavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately in the official registers. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Gopula Krishna Nagar (Tai)?

The current guideline value of Gopula Krishna Nagar (Tai) is Rs 881 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced several changes, starting from Rs 800 per sq.ft in 2012, decreasing to Rs 536 per sq.ft in 2017, then rising to Rs 800 per sq.ft in 2023, and finally reaching Rs 881 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Gopula Krishna Nagar (Tai)?

For a 1,000 sq.ft property, the total guideline value is Rs 8,81,000. The stamp duty at 7% is Rs 61,670, and the registration fee at 2% is Rs 17,620, totaling Rs 79,290.

Which Sub Registrar Office covers Gopula Krishna Nagar (Tai)?

The Chengleput Joint II Sub Registrar Office covers Gopula Krishna Nagar (Tai), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Gopula Krishna Nagar (Tai)?

Gopula Krishna Nagar (Tai) is classified as Residential Class I Type - II, indicating its designation for residential purposes within the area.