Guideline Value for SRI GOPALAKRISHNA NAGAR PHASE -I

Sri Gopalakrishna Nagar Phase -I guideline value

The current guideline value of Sri Gopalakrishna Nagar Phase -I 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 -I has changed

The guideline value for Sri Gopalakrishna Nagar Phase -I has remained consistent at Rs 800 per sq.ft through the 2023 and 2024 revisions. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

In the 2023 revision, the guideline value was Rs 800 per sq.ft, and it remained unchanged in the 2024 revision, showing a change of +0%. This stability indicates that the guideline value has not fluctuated in the recent revisions.

Guideline values in Kavanur

In Kavanur, there are 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 in this area is Rs 800 per sq.ft, which is equal to the current guideline value of Sri Gopalakrishna Nagar Phase -I.

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

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 fees to Rs 72,000. Please 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 details.

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

The Sub Registrar Office that covers Sri Gopalakrishna Nagar Phase -I 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

The guideline value is a crucial factor in the registration process when buying or selling property in Kavanur. It determines the minimum value at which the property must be registered, ensuring that the transaction is recorded accurately for taxation purposes.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the revenue collected reflects the true worth of the property in the market.

Frequently asked questions

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

The current guideline value of Sri Gopalakrishna Nagar Phase -I is Rs 800 per sq.ft as of 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Gopalakrishna Nagar Phase -I has been Rs 800 per sq.ft since the 2023 revision and remains the same in the 2024 revision, showing no change.

What is the registration office for Sri Gopalakrishna Nagar Phase -I?

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

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 8,00,000, the total fees would amount to Rs 72,000.

Where can I find more information about the guideline values in Kavanur?

For more information about the guideline values in Kavanur, you can refer to the Registration Department's guideline value register (TNReginet) or consult the Gooduvancheri SRO.