Guideline Value for SRI GOPALAKRISHNA NAGAR PHASE - III

Sri Gopalakrishna Nagar Phase - III guideline value

The current guideline value for Sri Gopalakrishna Nagar Phase - III is Rs 1,980 per sq.ft. This area is located in Kattankollatur village, under the Chengleput Joint II SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Sri Gopalakrishna Nagar Phase - III has changed

The guideline value for Sri Gopalakrishna Nagar Phase - III has seen several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,800 per sq.ft, which increased to Rs 1,980 per sq.ft in the 2024 revision, marking a change of +10%.

As per the latest revision effective from 1 July 2024, the guideline value stands at Rs 1,980 per sq.ft. This reflects a significant increase from the previous year's value of Rs 1,800 per sq.ft.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, positioning Sri Gopalakrishna Nagar Phase - III above this median.

• Sri Gopala Krishnan Nagar: Rs 880 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 Gopalakrishna Nagar Phase - III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total cost Rs 1,78,200. 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 information.

Which Sub Registrar Office covers Sri Gopalakrishna Nagar Phase - III?

The Sub Registrar Office that covers Sri Gopalakrishna Nagar Phase - III is 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will charge the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the appropriate fees are collected.

Frequently asked questions

What is the current guideline value of Sri Gopalakrishna Nagar Phase - III?

The current guideline value of Sri Gopalakrishna Nagar Phase - III is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024, reflecting a +10% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for this area?

The land classification for Sri Gopalakrishna Nagar Phase - III is Residential Special Type - II. This classification indicates the intended use of the land for residential purposes.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total cost would be Rs 1,78,200, including both fees.

Where is the Sub Registrar Office for this area located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. This office handles the registration of properties in Sri Gopalakrishna Nagar Phase - III.