Guideline Value for Gowsalya Nagar

₹3300/sq.ft.

The guideline value for Gowsalya Nagar in Chitlapakkam village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chitlapakkam

Village

Tambaram Joint 1

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Gowsalya Nagar

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Gowsalya Nagar guideline value

The current guideline value of Gowsalya Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Chitlapakkam village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - I.

How the guideline value of Gowsalya Nagar has changed

The guideline value for Gowsalya Nagar has undergone several revisions over the years. In 2012, the guideline value was set at Rs 3,000 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 2,010 per sq.ft, marking a decline of 33%. Subsequently, the value increased significantly to Rs 3,000 per sq.ft in 2023, reflecting a rise of 49%. The latest revision in 2024 has further increased the guideline value to Rs 3,300 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Gowsalya Nagar. Overall, from 2012 to 2024, the guideline value has seen a total increase of 10%.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing Gowsalya Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in Gowsalya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gowsalya Nagar?

The Sub Registrar Office covering Gowsalya Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chitlapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a buyer and seller agree on a sale price, the higher value between the sale price and the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Gowsalya Nagar?

The current guideline value of Gowsalya Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value of Gowsalya Nagar changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Gowsalya Nagar?

Gowsalya Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What is the stamp duty rate for properties in Gowsalya Nagar?

The stamp duty rate for properties in Gowsalya Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Gowsalya Nagar located?

The Sub Registrar Office for Gowsalya Nagar is located at No.26, mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.