Guideline Value for SRI GOPALAKRISHNA NAGAR PHASE -III

Sri Gopalakrishna Nagar Phase -III guideline value

The current guideline value of Sri Gopalakrishna Nagar Phase -III is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Kavanur village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - III.

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

According to the register, there have been several revisions for the guideline value of Sri Gopalakrishna Nagar Phase -III. The most recent revision in 2024 shows a guideline value of Rs 800 per sq.ft, which is the same as the 2023 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there was no change in the guideline value, indicating a stable valuation at Rs 800 per sq.ft. The previous revisions do not provide any figures for this street, confirming the consistency in the current valuation.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value in this area is Rs 800 per sq.ft, making the current value of Sri Gopalakrishna Nagar Phase -III equal to this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

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

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

When buying or selling property in Kavanur, the guideline value is a crucial factor in determining the stamp duty and registration fees. It serves as a benchmark for the minimum value at which the property should be registered, ensuring that transactions are conducted transparently and fairly.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Proper understanding of this value can help in making informed decisions during the registration process.

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 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 800 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Sri Gopalakrishna Nagar Phase -III?

The land classification for Sri Gopalakrishna Nagar Phase -III is Residential Special Type - III, indicating its intended use for residential purposes.

How is stamp duty calculated for properties in Sri Gopalakrishna Nagar Phase -III?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 56,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Sri Gopalakrishna Nagar Phase -III?

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