Guideline Value for SRI GOPALAKRISHNA NAGAR EXTENSION

Sri Gopalakrishna Nagar Extension guideline value

The current guideline value for Sri Gopalakrishna Nagar Extension is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Kavanur village, under the jurisdiction of the Gooduvancheri SRO. The land classification for this street is Residential Special Type - IV.

How the guideline value of Sri Gopalakrishna Nagar Extension has changed

The guideline value for Sri Gopalakrishna Nagar Extension has remained stable at Rs 1,000 per sq.ft since the 2023 revision. The 2023 revision also set the value at Rs 1,000 per sq.ft, indicating no change from the previous year.

Looking further back, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street. Therefore, we only have the 2023 and 2024 revisions to consider, both of which show the same guideline value.

Guideline values in Kavanur

Kavanur has a total of 109 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, making the Rs 1,000 per sq.ft for Sri Gopalakrishna Nagar Extension above that median.

• Sri Gopalakrishna Nagar: Rs 1,000 per sq.ft (2024)
• Sri Gopalakrishna Nagar Phase -I: Rs 800 per sq.ft (2024)
• Sri Gopalakrishna Nagar Phase -III: Rs 800 per sq.ft (2024)
• Sri Gopalakrishna Nagar Phase -IV: Rs 804 per sq.ft (2024)
• Sri Jayalakshmi Nagar: Rs 500 per sq.ft (2024)
• Sri Kamatchi Amman Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Gopalakrishna Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total 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, making the total fees Rs 90,000. 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 Sri Gopalakrishna Nagar Extension?

The Sri Gopalakrishna Nagar Extension falls under 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 Kavanur

The guideline value is a crucial component in the registration process of property transactions in Kavanur. It serves as a benchmark for determining the minimum price at which properties can be registered, ensuring that the transaction is documented accurately.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers must be aware that these fees are calculated based on the higher of the guideline value or the agreed sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Sri Gopalakrishna Nagar Extension?

The current guideline value for Sri Gopalakrishna Nagar Extension 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 for both the 2023 and 2024 revisions, indicating no change. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Sri Gopalakrishna Nagar Extension?

The land classification for Sri Gopalakrishna Nagar Extension is Residential Special Type - IV.

Where can I find the registration office for this area?

The registration office for Sri Gopalakrishna Nagar Extension is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kavanur?

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