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Guideline Value

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Guideline Value for Sri Gayathri Co-op Mega Nagar

₹500/sq.ft.

The guideline value for Sri Gayathri Co-op Mega Nagar in Korukanthangal village (Gooduvancheri SRO, Chengalpattu zone) is Rs 500 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Korukanthangal

Village

Gooduvancheri

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹500 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Gayathri Co-op Mega Nagar

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Sri Gayathri Co-op Mega Nagar guideline value

The current guideline value for Sri Gayathri Co-op Mega Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Korukanthangal village and falls under the Gooduvancheri SRO. The land classification for this region is Residential Special Type - I.

How the guideline value of Sri Gayathri Co-op Mega Nagar has changed

The guideline value for Sri Gayathri Co-op Mega Nagar has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 500 per sq.ft in 2012, marking a significant rise of 150%. However, the value dropped to Rs 335 per sq.ft in 2017, a decrease of 33%. The value remained at Rs 500 per sq.ft for both the 2023 and 2024 revisions, indicating no change between these two years.

Overall, from 2007 to 2024, the guideline value has increased by 150%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Korukanthangal

In Korukanthangal, there are 25 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 500 per sq.ft, with a median of Rs 500 per sq.ft. The guideline value for Sri Gayathri Co-op Mega Nagar aligns with this median.

Stamp duty and registration fee for property in Sri Gayathri Co-op Mega Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total cost for these fees to Rs 45,000. It is important to note that the 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 Gayathri Co-op Mega Nagar?

The Sub Registrar Office that covers Sri Gayathri Co-op Mega Nagar 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 Korukanthangal

The guideline value is a crucial factor when buying or selling property in Korukanthangal. It serves as a reference point for calculating stamp duty and registration fees, ensuring that both parties are aware of the minimum value at which the property can be registered.

When a property transaction occurs, the guideline value helps in determining the legal and financial obligations of the buyer and seller. It is essential to ensure that the sale price meets or exceeds the guideline value to avoid any complications during registration.

Frequently asked questions

What is the current guideline value of Sri Gayathri Co-op Mega Nagar?

The current guideline value of Sri Gayathri Co-op Mega Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then dropped to Rs 335 per sq.ft in 2017, and remained at Rs 500 per sq.ft for both 2023 and 2024.

What is the land classification for Sri Gayathri Co-op Mega Nagar?

The land classification for Sri Gayathri Co-op Mega Nagar is Residential Special Type - I.

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.

How is stamp duty calculated for properties in Sri Gayathri Co-op Mega Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at 7%.