Guideline Value for Gowtham nagar

Gowtham nagar guideline value

The current guideline value of Gowtham Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Gowtham nagar has changed

The guideline value for Gowtham Nagar has seen several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft. It then decreased to Rs 670 per sq.ft in 2017. Following this, the value remained at Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, indicating no change in this period. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%. However, when looking at the overall change from 2012 to 2024, there has been no net change, as it remains at Rs 1,000 per sq.ft. This consistent value in recent years reflects stability in the guideline value for this area.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median value among these streets is Rs 1,000 per sq.ft, which is equal to the 2024 figure for Gowtham Nagar.

• Gokul Nagar: Rs 1,000 per sq.ft (2024)
• Godwin Nagar: Rs 1,000 per sq.ft (2024)
• Guru Gnanesh Nagar: Rs 1,000 per sq.ft (2024)
• I.H.F.D Nagar: Rs 1,000 per sq.ft (2024)
• Gandhi Nagar: Rs 1,000 per sq.ft (2024)
• Jasmine Nagar (I,II): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Gowtham nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gowtham nagar?

The Gowtham Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Adhanoor. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps establish the legal value of the property, which affects the calculation of taxes and fees. Buyers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Gowtham Nagar?

The current guideline value of Gowtham Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft in the 2023 and 2024 revisions, after a decrease to Rs 670 per sq.ft in 2017 from Rs 1,000 in 2012. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification of Gowtham Nagar?

Gowtham Nagar is classified as Residential Special Type - I, which is important for understanding the zoning and potential uses of the land.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Gowtham Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at a rate of 7%.