Guideline Value for Gowtham Nagar

Gowtham Nagar guideline value

The current guideline value of Gowtham Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Nanthiambakkam village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Special Type - IV.

How the guideline value of Gowtham Nagar has changed

In the 2023 revision, the guideline value was Rs 700 per sq.ft. The increase from 2023 to 2024 is 10%, bringing the current guideline value to Rs 770 per sq.ft. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Prior to the 2023 revision, there were no recorded figures for Gowtham Nagar. The only figures available are from the 2023 and 2024 revisions, which show a clear upward movement in the guideline value.

Guideline values in Nanthiambakkam

In total, there are 85 streets in Nanthiambakkam under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, placing Gowtham Nagar's 2024 figure above that median.

• Happy Town: Rs 275 per sq.ft (2024)
• Golden Nagar: Rs 330 per sq.ft (2024)
• Gms Nagar: Rs 330 per sq.ft (2024)
• Gayathri Nagar: Rs 330 per sq.ft (2024)
• GAYATHRI AVENUE/Extension: Rs 330 per sq.ft (2024)
• GAYATHIRI AVENUE Annex/Annex Ext/ ALL PHASES: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Gowtham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. It's important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gowtham Nagar?

The Sub Registrar Office that covers Gowtham Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Nanthiambakkam. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transfers.

When buying or selling property, the guideline value is taken into account to assess the financial implications of the transaction. This ensures that all parties are aware of the costs involved in the registration process based on the established guideline value.

Frequently asked questions

What is the current guideline value of Gowtham Nagar?

The current guideline value of Gowtham Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 700 per sq.ft in 2023 to Rs 770 per sq.ft in 2024, marking a 10% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the median guideline value in Nanthiambakkam?

The median guideline value for streets in Nanthiambakkam is Rs 330 per sq.ft. Gowtham Nagar's 2024 guideline value of Rs 770 per sq.ft is above this median.

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

For a 1,000 sq.ft plot valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Where can I find the Sub Registrar Office for Gowtham Nagar?

The Thiruvottiyur Sub Registrar Office covers Gowtham Nagar and is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.