Guideline Value for GOWSALYA NAGAR

Gowsalya Nagar guideline value

The current guideline value of Gowsalya Nagar, located in Kattankollatur village under the Chengleput Joint II SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Gowsalya Nagar has changed

The guideline value for Gowsalya Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,800 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 1,206 per sq.ft, marking a decrease of 33%. The value increased again in the 2023 revision to Rs 1,800 per sq.ft, and then rose to Rs 1,980 per sq.ft in the 2024 revision, which represents a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, which brought the value back to the 2012 level. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Gowsalya Nagar's 2024 guideline value above this median.

• Gopolapuram (Sa): Rs 440 per sq.ft (2024)
• Gopola Krishnan Nagar (Kr): Rs 660 per sq.ft (2024)
• Gokul Nagar (Kr): Rs 1,100 per sq.ft (2024)
• Gsn Nagar Phase - I: Rs 660 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)

Stamp duty and registration fee for property in Gowsalya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty, charged at 7%, would be Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, these fees would total Rs 1,78,200. 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 Gowsalya Nagar?

The Sub Registrar Office that covers Gowsalya Nagar 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 Kattankollatur

The guideline value is a critical factor when registering property transactions in Kattankollatur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is essential for calculating the stamp duty and registration fees, which are mandatory for completing the transaction legally.

Frequently asked questions

What is the current guideline value of Gowsalya Nagar?

The current guideline value of Gowsalya Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Gowsalya Nagar?

The land classification for Gowsalya Nagar is Residential Special Type - II.

What are the stamp duty and registration fees for property in Gowsalya Nagar?

For a property valued at Rs 19,80,000, the stamp duty is Rs 1,38,600, and the registration fee is Rs 39,600, totaling Rs 1,78,200.

Where is the Sub Registrar Office for Gowsalya Nagar located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.