Guideline Value for Gowtham Nagar Extn-IV

Gowtham Nagar Extn-IV guideline value

The current guideline value of Gowtham Nagar Extn-IV is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Vallam village and falls under the Sriperumpudur SRO. The land classification is Residential Special Type - I.

How the guideline value of Gowtham Nagar Extn-IV has changed

The guideline value for Gowtham Nagar Extn-IV has undergone several revisions over the years. The earliest recorded value was Rs 80 per sq.ft in 2007, which increased significantly to Rs 500 per sq.ft in 2012. However, this value decreased to Rs 335 per sq.ft in 2017. The most recent revisions show that the guideline value remained stable at Rs 600 per sq.ft in both 2023 and 2024, indicating no change from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 650%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Vallam

In Vallam, there are a total of 51 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Gowtham Nagar Extn-IV's 2024 figure above this median.

• Gowtham Nagar: Rs 600 per sq.ft (2024)
• Green Holiday Resorts: Rs 300 per sq.ft (2024)
• Gayathiri Nagar: Rs 200 per sq.ft (2024)
• Highway: Rs 601 per sq.ft (2024)
• Gandhi Nagar: Rs 300 per sq.ft (2024)
• Ganapathy Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Gowtham Nagar Extn-IV

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, leading to a total cost of Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gowtham Nagar Extn-IV?

The Sub Registrar Office that covers Gowtham Nagar Extn-IV is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vallam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during property transactions.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Gowtham Nagar Extn-IV?

The current guideline value of Gowtham Nagar Extn-IV is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2007 to Rs 600 per sq.ft in 2024, reflecting an overall increase of 650% over this period.

What are the stamp duty rates for properties in Gowtham Nagar Extn-IV?

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

Where is the Sub Registrar Office located for Gowtham Nagar Extn-IV?

The Sub Registrar Office covering Gowtham Nagar Extn-IV is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the median guideline value for streets in Vallam?

The median guideline value for streets in Vallam is Rs 200 per sq.ft, with Gowtham Nagar Extn-IV's value being above this median at Rs 600 per sq.ft.