Guideline Value for SRI GOPALAKRISHNA NAGAR PHASE -IV

Sri Gopalakrishna Nagar Phase -IV guideline value

The current guideline value of Sri Gopalakrishna Nagar Phase -IV is Rs 804 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 Class III Type - II.

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

The guideline value for Sri Gopalakrishna Nagar Phase -IV has remained consistent at Rs 804 per sq.ft since the 2023 revision. The 2024 revision also maintains this figure, indicating no change in the guideline value from the previous year.

Prior to the 2023 revision, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002. Therefore, the only available figures are from 2023 and 2024, both at Rs 804 per sq.ft.

Guideline values in Kavanur

In Kavanur, there are 109 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, placing Sri Gopalakrishna Nagar Phase -IV slightly above this median.

• Sri Gopalakrishna Nagar Phase -III: Rs 800 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 -IV

For a 1,000 sq.ft plot at the current guideline value of Rs 804 per sq.ft, the total guideline value amounts to Rs 8,04,000. The stamp duty at 7% would be Rs 56,280, and the registration fee at 2% would be Rs 16,080, bringing the total fees to Rs 72,360. Duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more information.

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

The Sri Gopalakrishna Nagar Phase -IV area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Kavanur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the sale or purchase of property.

When buyers and sellers engage in a transaction, the guideline value serves as a benchmark to ensure that the property is registered at a fair value, thus facilitating a transparent process. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of Sri Gopalakrishna Nagar Phase -IV is Rs 804 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 804 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

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

Sri Gopalakrishna Nagar Phase -IV is classified as Residential Class III Type - II.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 8,04,000, the stamp duty would be Rs 56,280 and the registration fee would be Rs 16,080, totaling Rs 72,360. Duty is charged on the higher of the guideline value or the sale price.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone.