Guideline Value for GOWRI NAGAR-(S.NO694/4)

Gowri Nagar-(S.No694/4) guideline value

The current guideline value of Gowri Nagar-(S.No694/4) is Rs 700 per sq.ft. This property is located in Pakkam village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Gowri Nagar-(S.No694/4) has changed

The guideline value for Gowri Nagar-(S.No694/4) has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 700 per sq.ft. However, it dropped to Rs 469 per sq.ft in the 2017 revision, marking a decrease of 33%. The most recent 2023 revision has increased the value back to Rs 700 per sq.ft, representing a significant increase of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained unchanged at Rs 700 per sq.ft. The register does not provide figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Pakkam

Currently, there are no specific village figures available for Pakkam. The guideline value of Rs 700 per sq.ft for Gowri Nagar-(S.No694/4) reflects its standing within the locality. There are no other streets in Pakkam under the Tiruvallur Joint 1 SRO listed.

Stamp duty and registration fee for property in Gowri Nagar-(S.No694/4)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gowri Nagar-(S.No694/4)?

The Sub Registrar Office that covers Gowri Nagar-(S.No694/4) is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Pakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

During the registration process, the guideline value will be used to calculate applicable stamp duty and registration fees. It is essential to be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Gowri Nagar-(S.No694/4)?

The current guideline value of Gowri Nagar-(S.No694/4) is Rs 700 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023. This reflects a 49% increase from 2017 to 2023.

Where is the Tiruvallur Joint 1 SRO located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

How is stamp duty calculated for properties in Gowri Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.

Are there any other streets in Pakkam with guideline values?

Currently, there are no other streets in Pakkam under the Tiruvallur Joint 1 SRO listed with guideline values.