Guideline Value for GOTHAVARI NAGAR

Gothavari Nagar guideline value

The current guideline value of Gothavari Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Palliyaraikuppam village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Gothavari Nagar has changed

Looking at the revisions, the guideline value for Gothavari Nagar was Rs 200 per sq.ft in 2023, which has remained unchanged in the 2024 revision. Prior to this, in 2017, the value was Rs 134 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2012 revision also recorded a value of Rs 200 per sq.ft, indicating a decrease of 33% when compared to the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained the same at Rs 200 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Palliyaraikuppam

In Palliyaraikuppam, there are 10 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 900 per sq.ft, with a median value of Rs 300 per sq.ft. Gothavari Nagar's 2024 guideline value is below this median.

• I.C.F. Nagar & Annex: Rs 200 per sq.ft (2024)
• J.J. Nagar: Rs 400 per sq.ft (2024)
• Kumaran Nagar: Rs 400 per sq.ft (2024)
• Balaji Nagar & Ext: Rs 200 per sq.ft (2024)
• Sarojammal Nagar: Rs 400 per sq.ft (2024)
• Thiruttanigai Nagar & Ext: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Gothavari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gothavari Nagar?

The Gothavari Nagar area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Palliyaraikuppam. 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 sold, the guideline value is used to calculate the stamp duty based on the higher of the guideline value or the sale price. This ensures that the state revenue is adequately collected during property transactions.

Frequently asked questions

What is the current guideline value of Gothavari Nagar?

The current guideline value of Gothavari Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft in both 2023 and 2024. It was Rs 134 per sq.ft in 2017, which increased by 49% to 2023, while the 2012 figure was also Rs 200 per sq.ft.

What is the land classification for Gothavari Nagar?

The land classification for Gothavari Nagar is Residential Special Type - III. This classification affects the guideline value and potential usage of the land.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Gothavari Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Gothavari Nagar?

The Sub Registrar Office covering Gothavari Nagar is the Tiruvallur Joint 1 SRO, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.