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. This property is located in Vallam_B village and falls under the Sriperumpudur SRO. The land classification for this area 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 most recent revision in 2024 maintains the guideline value at Rs 600 per sq.ft, which is the same as the figure from the 2023 revision. Prior to these, the 2017 revision set the value at Rs 335 per sq.ft, marking a significant increase of 79% from 2017 to 2023 and maintaining the same rate into 2024.

It is important to note that there are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only relevant revisions are from 2017, 2023, and the current 2024 revision, which shows an overall increase of 79% from 2017 to 2024.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft. The median value for these streets is Rs 400 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)
• Gnanagiri nagar: Rs 1,950 per sq.ft (2024)
• Gayathiri Nagar: Rs 400 per sq.ft (2024)
• Gangaiyamman Koil Street: Rs 400 per sq.ft (2024)
• Highway: Rs 600 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, bringing the total fees to 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_B

The guideline value is a crucial factor in the registration process when buying or selling property in Vallam_B. It determines the minimum value at which a property can be registered, ensuring that the appropriate stamp duty and registration fees are calculated based on this value.

When engaging in property transactions, both buyers and sellers should be aware of the guideline value as it directly impacts the financial obligations during the registration process. It is essential to consult the latest figures to ensure compliance with the registration requirements.

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 as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2023 to 2024, while it increased from Rs 335 per sq.ft in 2017 to Rs 600 per sq.ft in 2023, marking a 79% increase overall from 2017 to 2024.

What are the stamp duty and registration fees for property in Gowtham Nagar Extn-IV?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Gowtham Nagar Extn-IV?

The Sriperumpudur Sub Registrar Office handles property registrations for Gowtham Nagar Extn-IV, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value of a property, which affects the stamp duty and registration fees during property transactions. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.