Guideline Value for Gowthami Nagar (Gowthami Estates

Gowthami Nagar (Gowthami Estates guideline value

The current guideline value of Gowthami Nagar (Gowthami Estates) is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Nemili village and falls under the Sriperumpudur SRO. The land classification for this region is Residential Class I Type - I.

How the guideline value of Gowthami Nagar (Gowthami Estates has changed

Over the years, the guideline value for Gowthami Nagar has experienced several revisions. The 2007 revision set the value at Rs 130 per sq.ft, which increased to Rs 300 per sq.ft in 2012. However, this value dropped to Rs 201 per sq.ft in 2017. The most recent revisions saw the guideline value remain unchanged at Rs 300 per sq.ft for both 2023 and 2024, indicating a 0% change from 2023 to 2024 and a significant increase of 49% from 2017 to 2023.

In summary, from the 2007 revision to the 2024 revision, the guideline value has increased by 131%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Nemili

In Nemili, there are 66 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,000 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Gowthami Nagar (Gowthami Estates) is above this median.

• Gowtham Golden Avenue: Rs 300 per sq.ft (2024)
• Gragapriya Nagar: Rs 300 per sq.ft (2024)
• Gnanambal Nagar: Rs 300 per sq.ft (2024)
• Hasiya Nagar: Rs 210 per sq.ft (2024)
• Gandhi Street: Rs 210 per sq.ft (2024)
• Ganapathy Nagar Part IV: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Gowthami Nagar (Gowthami Estates

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gowthami Nagar (Gowthami Estates?

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

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

The guideline value plays a crucial role in the registration process of property transactions in Nemili. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is used to calculate the applicable duties. Buyers and sellers must be aware that the higher amount between the guideline value and the actual sale price will be the basis for these calculations.

Frequently asked questions

What is the current guideline value of Gowthami Nagar?

The current guideline value of Gowthami Nagar (Gowthami Estates) is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 300 per sq.ft in both 2023 and 2024. This represents a 49% increase from the 2017 value of Rs 201 per sq.ft.

What is the land classification of Gowthami Nagar?

Gowthami Nagar (Gowthami Estates) is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Gowthami Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at 7%.