Guideline Value for GOKUL NAGAR (KR)

Gokul Nagar (Kr) guideline value

The current guideline value of Gokul Nagar (Kr) is Rs 661 per sq.ft, effective from 1 July 2024. This area is located in Panangottur village under the Chengleput Joint II SRO, 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 was then reduced by 33% to Rs 670 per sq.ft in the 2017 revision. Following that, the value decreased by another 10% in the 2023 revision, bringing it down to Rs 600 per sq.ft. The register has no figure for this street for the years 2002, 2003, and 2007.

In the latest 2024 revision, the guideline value increased by 10% to Rs 661 per sq.ft. Overall, from the 2012 revision to the 2024 revision, there has been a decline of 34% in the guideline value.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 990 per sq.ft, indicating that Gokul Nagar (Kr) is below this median.

• 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)
• Ganthi Nagar (Pa): Rs 440 per sq.ft (2024)
• Ganpathypuram (Sa): Rs 990 per sq.ft (2024)
• Gangaiamman Koil Street (Ward -17): Rs 660 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 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, and the registration fee at 2% would be Rs 13,220, bringing the total fees to Rs 59,490. It is important to note that 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 Gokul Nagar (Kr)?

The Sub Registrar Office covering Gokul Nagar (Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value of Gokul Nagar (Kr) is Rs 661 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 661 per sq.ft in 2024, reflecting a decline of 34% overall. There have been several revisions, with the most recent increase of 10% from the previous year's value.

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 Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated for properties in Gokul Nagar (Kr)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 661 per sq.ft, the total guideline value is Rs 6,61,000, resulting in a stamp duty of Rs 46,270.