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 Peramanoor 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

The guideline value for Gokul Nagar (Kr) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 670 per sq.ft. The 2023 revision increased the value to Rs 1,000 per sq.ft, and the latest 2024 revision further raised it to Rs 1,100 per sq.ft, marking a 10% increase.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which is the same as the 2024 guideline value for Gokul Nagar (Kr).

• Gopola Krishnan Nagar (Kr): Rs 661 per sq.ft (2024)
• Gnanambigai Street (Ward -17): Rs 661 per sq.ft (2024)
• Gopolapuram (Sa): Rs 550 per sq.ft (2024)
• Ganthi Nagar (Pa): Rs 550 per sq.ft (2024)
• Ganpathypuram (Sa): Rs 990 per sq.ft (2024)
• Green Valley Nagar: 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 at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, leading to a combined total of 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 details, 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.

You can find your SRO for more information.

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

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

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the actual sale price of the property.

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 2023 to Rs 1,100 per sq.ft in 2024, marking a 10% increase. The value was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012, showing significant fluctuations over the years.

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 SRO?

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

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000.