Guideline Value for GOKUL NAGAR (KR)

Gokul Nagar (Kr) guideline value

The current guideline value of Gokul Nagar (Kr) is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Gokul Nagar (Kr) has changed

Over the years, the guideline value of Gokul Nagar (Kr) has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which then changed to Rs 670 per sq.ft in 2017. This was a decrease of 33%. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and then further to Rs 1,100 per sq.ft in 2024, marking a 10% increase.

From 2017 to 2023, the guideline value rose by 49%. Overall, from the 2012 revision to the current 2024 value, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for the village is Rs 1,100 per sq.ft, making Gokul Nagar (Kr) align with this median value.

• Gopola Krishnan Nagar (Kr): Rs 660 per sq.ft (2024)
• Gnanambigai Street (Ward -17): Rs 660 per sq.ft (2024)
• Gopolapuram (Sa): Rs 440 per sq.ft (2024)
• Gowsalya Nagar: Rs 1,980 per sq.ft (2024)
• Ganthi Nagar (Pa): Rs 440 per sq.ft (2024)
• Ganpathypuram (Sa): Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Gokul Nagar (Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty, charged at 7%, would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gokul Nagar (Kr)?

The Sub Registrar Office that covers Gokul Nagar (Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your specific SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Kattankollatur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable taxes and fees. Buyers should be aware that the stamp duty and registration fees are based on the higher of the guideline value or the actual sale price of the property, which ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Gokul Nagar (Kr)?

The current guideline value of Gokul Nagar (Kr) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Gokul Nagar (Kr)?

Gokul Nagar (Kr) is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Gokul Nagar (Kr)?

The Chengleput Joint II Sub Registrar Office covers Gokul Nagar (Kr) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How are stamp duty and registration fees calculated in Kattankollatur?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 11,00,000 would incur a stamp duty of Rs 77,000 and a registration fee of Rs 22,000.