Guideline Value for GOUTHAM NAGAR

Goutham Nagar guideline value

The current guideline value of Goutham Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Vidathandalam village under the Ponneri SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Goutham Nagar has changed

The guideline value for Goutham Nagar has seen several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 67 per sq.ft. This value increased to Rs 100 per sq.ft in the 2023 revision, marking a 49% increase. The 2024 revision has maintained the same guideline value of Rs 100 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for Goutham Nagar in the revisions from 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Vidathandalam

In Vidathandalam, Goutham Nagar shares the same guideline value of Rs 100 per sq.ft with other streets in the area. Below are the guideline values for other streets in Vidathandalam:

• Ponniamman Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Goutham Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Goutham Nagar?

The Goutham Nagar area is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Goutham Nagar and the broader Vidathandalam area. When buying or selling a property, this value is critical for determining the applicable stamp duty and registration fees at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of purchasing property. Ensuring that transactions are aligned with the guideline value can help avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Goutham Nagar?

The current guideline value of Goutham Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and has remained at that level in 2024. This represents a 49% increase from 2017 to 2024.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles registrations for properties in Goutham Nagar.

What are the stamp duty and registration fees for properties in Goutham Nagar?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. The duty is charged on the higher of the guideline value or the sale price.

Are there any other streets in Vidathandalam with the same guideline value?

Yes, Ponniamman Nagar is another street in Vidathandalam that shares the same guideline value of Rs 100 per sq.ft as Goutham Nagar.