Guideline Value for GOKUL AVENUE

Gokul Avenue guideline value

The current guideline value of Gokul Avenue is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Thiruporur village, under the Thiruporur SRO, and is classified as a New House Site Type -II (Unapproved Lay-Out).

How the guideline value of Gokul Avenue has changed

The guideline value for Gokul Avenue has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in 2017. However, the value saw a significant increase to Rs 1,200 per sq.ft in the 2023 revision, followed by a further increase to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for Gokul Avenue.

Guideline values in Thiruporur

In Thiruporur village, there are 31 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 495 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, placing Gokul Avenue's 2024 figure above this median.

• Gandhi Street: Rs 880 per sq.ft (2024)
• Harijan Colony: Rs 495 per sq.ft (2024)
• Illalore Road: Rs 880 per sq.ft (2024)
• Eri Karai Street: Rs 660 per sq.ft (2024)
• Isha Avni: Rs 1,650 per sq.ft (2024)
• Iyampettai Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Gokul Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total cost for these fees Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gokul Avenue?

The Sub Registrar Office that covers Gokul Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruporur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Gokul Avenue?

The current guideline value of Gokul Avenue is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the stamp duty rates for properties in Gokul Avenue?

The stamp duty for properties in Gokul Avenue is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

What is the median guideline value for streets in Thiruporur?

The median guideline value for streets in Thiruporur is Rs 880 per sq.ft, with Gokul Avenue's guideline value being above this median.