Guideline Value for SRI GOPALA KRISHNAN NAGAR

Sri Gopala Krishnan Nagar guideline value

The current guideline value of Sri Gopala Krishnan Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village under the Chengleput Joint II SRO, classified as Mixed Special Type - I.

How the guideline value of Sri Gopala Krishnan Nagar has changed

Looking at the revisions, the guideline value for Sri Gopala Krishnan Nagar has seen significant changes over the years. The 2017 revision recorded a value of Rs 536 per sq.ft, which increased to Rs 800 per sq.ft in 2023, marking a 49% rise. The current 2024 revision shows a further increase to Rs 880 per sq.ft, a change of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft as of 2024. The median value for these streets is Rs 1,100 per sq.ft, indicating that the guideline value of Sri Gopala Krishnan Nagar is below this median.

• Sri Gopalakrishna Nagar Phase - III: Rs 1,980 per sq.ft (2024)
• Sri Gopalakrishna Nagar Phase -I: Rs 990 per sq.ft (2024)
• Sri Ganapathy Garden Permanur (Ward -15): Rs 440 per sq.ft (2024)
• Sri Krishna 4th Street Korukanthangal (Ward -18): Rs 660 per sq.ft (2024)
• Sri Chandra Surya Gardens (Ward -15): Rs 990 per sq.ft (2024)
• Sri Bhuvaneswari Avenue Peramanur (Ward -15): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Gopala Krishnan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. It is essential to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sri Gopala Krishnan Nagar?

Sri Gopala Krishnan Nagar is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Kattankollatur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction is conducted at a price that reflects the official value set by the authorities.

When buying or selling property, it is important to be aware that the guideline value will influence the stamp duty and registration fees applicable to the transaction. This ensures that both buyers and sellers are aware of the financial implications of the sale based on the established guideline value.

Frequently asked questions

What is the current guideline value of Sri Gopala Krishnan Nagar?

The current guideline value of Sri Gopala Krishnan Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 536 per sq.ft to Rs 880 per sq.ft in 2024, marking an overall increase of 64%.

What is the registration office for Sri Gopala Krishnan Nagar?

The registration office covering Sri Gopala Krishnan Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Sri Gopala Krishnan Nagar?

Stamp duty for properties in Sri Gopala Krishnan Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 8,80,000 would incur a stamp duty of Rs 61,600.

What are the other streets in Kattankollatur with guideline values?

Other streets in Kattankollatur include Sri Gopalakrishna Nagar Phase - III at Rs 1,980 per sq.ft, Sri Gopalakrishna Nagar Phase -I at Rs 990 per sq.ft, and several others with varying rates.