Guideline Value for Gowthami Nagar

Gowthami Nagar guideline value

The current guideline value of Gowthami Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Gowthami Nagar has changed

The guideline value for Gowthami Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 700 per sq.ft, which is the same as the previous year's 2023 revision. Prior to that, in the 2017 revision, the guideline value was Rs 469 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 in the register for Gowthami Nagar. This lack of data indicates that the guideline value has remained unchanged at Rs 700 per sq.ft from 2023 to 2024.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are a total of 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, which is the same as the current value for Gowthami Nagar.

• Govinda Mettu Street: Rs 1,200 per sq.ft (2024)
• Govarthinan Nagar: Rs 1,000 per sq.ft (2024)
• Gothanda Nadar Nagar: Rs 1,200 per sq.ft (2024)
• Guberan Nagar: Rs 700 per sq.ft (2024)
• Giri Nagar: Rs 700 per sq.ft (2024)
• Gandhi Road: Rs 3,000 per sq.ft (2024)

Stamp duty and registration fee for property in Gowthami Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty, charged at 7%, would be Rs 49,000, while the registration fee at 2% would be Rs 14,000. Together, these fees total Rs 63,000. 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 detailed calculations.

Which Sub Registrar Office covers Gowthami Nagar?

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 Sriperumbudur A

The guideline value is a crucial factor during the registration process when buying or selling property in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that the transaction is documented accurately and in accordance with government regulations. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Gowthami Nagar?

The current guideline value of Gowthami Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has remained the same at Rs 700 per sq.ft from 2023 to 2024. However, it increased by 49% from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023.

What is the land classification for Gowthami Nagar?

Gowthami Nagar is classified as Residential Class III Type - I, indicating its use for residential purposes.

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

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000, leading to specific fees based on this value.