Guideline Value for SRI GOPALAKRISHNA NAGAR PHASE -II

Sri Gopalakrishna Nagar Phase -II guideline value

The current guideline value of Sri Gopalakrishna Nagar Phase -II is Rs 800 per sq.ft, effective from 1 July 2024. This locality is situated in Keelakazhani village and falls under the Gooduvancheri SRO. The land classification for this area is Mixed Type - I.

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

The guideline value for Sri Gopalakrishna Nagar Phase -II has remained consistent at Rs 800 per sq.ft since the 2023 revision. The 2024 revision also maintains this figure, showing no change from the previous year, resulting in a +0% change from 2023 to 2024.

Prior to the 2023 revision, the register has no figures for this street for the years 2017, 2012, 2007, 2003, and 2002. Therefore, the guideline value has been stable at Rs 800 per sq.ft since 2023.

Guideline values in Keelakazhani

In Keelakazhani, there are 35 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 500 to Rs 1,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Sri Gopalakrishna Nagar Phase -II above this median.

• Sri Kallazhagar City Phase I: Rs 800 per sq.ft (2024)
• Sri Lakshmi Hayagerivar Nagar: Rs 700 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 700 per sq.ft (2024)
• Sri Mahalakshmi Nagar Extension-II: Rs 700 per sq.ft (2024)
• Sri Mahalakshmi Nagar Extn I: Rs 700 per sq.ft (2024)
• Sri Meenakshi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Gopalakrishna Nagar Phase -II

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the 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, totaling Rs 72,000. Duty is charged on the higher of the guideline value or 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 -II?

The Sri Gopalakrishna Nagar Phase -II area is covered by 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 Keelakazhani

The guideline value is a crucial factor during the registration of property transactions in Keelakazhani. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Sri Gopalakrishna Nagar Phase -II 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 constant at Rs 800 per sq.ft since the 2023 revision. There have been no figures recorded for this street in the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values of other streets in Keelakazhani?

In Keelakazhani, the guideline values for other streets range from Rs 500 to Rs 1,000 per sq.ft. The median value is Rs 700 per sq.ft, with Sri Gopalakrishna Nagar Phase -II being above this median.

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

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 8,00,000 would incur a total fee of Rs 72,000.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can also find your SRO online.