Guideline Value for Gothanda Nadar Nagar

Gothanda Nadar Nagar guideline value

The current guideline value of Gothanda Nadar Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Gothanda Nadar Nagar has changed

In the 2017 revision, the guideline value was Rs 804 per sq.ft. This figure remained unchanged in the 2023 revision, where it continued to be Rs 1,200 per sq.ft. The 2024 revision also maintains this value at Rs 1,200 per sq.ft, indicating a 49% increase from the 2017 figure to the 2023 and 2024 figures.

The register has no figures for the years 2002, 2003, 2007, and 2012 for Gothanda Nadar Nagar. Therefore, the only revisions available to consider are from 2017, 2023, and 2024, with no change in the guideline value between 2023 and 2024.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Gothanda Nadar Nagar's 2024 figure above that median.

• Govarthinan Nagar: Rs 1,000 per sq.ft (2024)
• Govinda Mettu Street: Rs 1,200 per sq.ft (2024)
• Gowthami Nagar: Rs 700 per sq.ft (2024)
• Giri Nagar: Rs 700 per sq.ft (2024)
• Guberan Nagar: Rs 700 per sq.ft (2024)
• Gandhi Road: Rs 3,000 per sq.ft (2024)

Stamp duty and registration fee for property in Gothanda Nadar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gothanda Nadar Nagar?

The Gothanda Nadar Nagar area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Sriperumbudur A, the guideline value is a crucial factor during the registration process. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value assigned to the property.

The guideline value helps in determining the minimum value at which a property can be registered, thereby safeguarding the interests of both parties involved in the transaction. It is essential to consult the guideline value register to understand the applicable rates for specific properties.

Frequently asked questions

What is the current guideline value of Gothanda Nadar Nagar?

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

How has the guideline value changed over the years?

The guideline value increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, remaining unchanged in 2024. This represents a 49% increase from the 2017 figure.

What is the land classification of Gothanda Nadar Nagar?

Gothanda Nadar Nagar falls under the Residential Class I Type - I land classification.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Gothanda Nadar Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 12,00,000 would incur a stamp duty of Rs 84,000 at a rate of 7%.